What did LabCorp pay for Ascension's Hospital Laboratories?

LabCorp acquired Ascension's Hospital Laboratories for $423.8M in 2022, equivalent to 2.80x revenue. Target revenue was approximately $150.0M.

What does Ascension's Hospital Laboratories do?

Ascension's Hospital Laboratories is a laboratory services business.

What multiple did LabCorp pay for Ascension's Hospital Laboratories?

2.80x revenue, based on disclosed deal value of $423.8M and disclosed financials.

M&A TRANSACTION · 2022

Ascension's Hospital Laboratories acquired by LabCorp

$423.8M· 2.80x revenue

Target

Ascension's Hospital Laboratories

Acquirer

LabCorp

Strategic buyer

Disclosed financials at time of acquisition

Revenue

$150.0M

EBITDA

—

Deal Value

$423.8M

EV/EBITDA

—

Context

This $423.8M acquisition of Ascension's Hospital Laboratories by LabCorp sits in the laboratory services sub-vertical. LabCorp is acquiring as a strategic buyer; see how strategic acquirers typically price laboratory services businesses on our Laboratory Services strategic buyer-pool page.

Source

Data sourced from SEC filings and press releases. All figures reflect disclosed values at the time of the acquisition; no estimated or imputed data. Methodology

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Citation: ExitValue.ai. (2022). Ascension's Hospital Laboratories acquired by LabCorp. https://exitvalue.ai/deals/ascensions-hospital-laboratories-acquired-by-labcorp-hc-2022-0073