What did Symplr pay for API Healthcare?

Symplr acquired API Healthcare for $300.0M in 2019 (12.0x EBITDA), equivalent to 3.30x revenue. Target revenue was approximately $90.0M. Target EBITDA was approximately $25.0M.

What does API Healthcare do?

API Healthcare is a healthcare it business.

What multiple did Symplr pay for API Healthcare?

12.0x EBITDA and 3.30x revenue, based on disclosed deal value of $300.0M and disclosed financials.

M&A TRANSACTION · 2019

API Healthcare acquired by Symplr

$300.0M· 12.0x EBITDA· 3.30x revenue

Target

API Healthcare

Acquirer

Symplr

Strategic buyer

Disclosed financials at time of acquisition

Revenue

$90.0M

EBITDA

$25.0M

Deal Value

$300.0M

EV/EBITDA

12.0x

Context

This $300.0M acquisition of API Healthcare by Symplr sits in the healthcare it sub-vertical. The 12.0x EBITDA multiple paid in 2019 can be compared against the population median for healthcare it transactions of similar size on our Healthcare It valuation hub. Symplr is acquiring as a strategic buyer; see how strategic acquirers typically price healthcare it businesses on our Healthcare It strategic buyer-pool page.

Source

Data sourced from Press reporting. All figures reflect disclosed values at the time of the acquisition; no estimated or imputed data. Methodology

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Citation: ExitValue.ai. (2019). API Healthcare acquired by Symplr. https://exitvalue.ai/deals/api-healthcare-acquired-by-symplr-hc-2019-0154