M&A TRANSACTION · 2018
Aurora Diagnostics acquired by Sonic Healthcare Limited
$540.0M· 9.2x EBITDA· 1.70x revenue
Target
Aurora Diagnostics
United States and Canada
Aurora Diagnostics, LLC, a specialized laboratory company, provides unsurpassed diagnostic, prognostic, and therapeutic information and services to physicians, hospital systems, and researchers in the United States. It offers pathology services, such as dermatopathology, gastrointestinal and hepatic pathology, hematopathology, and genitourinary; and pathology services to women’s health care providerpathology. The company also provides molecular diagnostic services that focus on pharmacogenomics,
Acquirer
Sonic Healthcare Limited
Strategic buyer
Disclosed financials at time of acquisition
Revenue
$310.0M
EBITDA
$59.0M
Deal Value
$540.0M
EV/EBITDA
9.2x
Context
This $540.0M acquisition of Aurora Diagnostics by Sonic Healthcare Limited sits in the medical practice specialty sub-vertical. The 9.2x EBITDA multiple paid in 2018 can be compared against the population median for medical practice specialty transactions of similar size on our Medical Practice Specialty valuation hub. Sonic Healthcare Limited is acquiring as a strategic buyer; see how strategic acquirers typically price medical practice specialty businesses on our Medical Practice Specialty strategic buyer-pool page.
Source
Data sourced from Press release. All figures reflect disclosed values at the time of the acquisition; no estimated or imputed data. Methodology
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