What did Deerfield Healthcare Technology Acquisitions Corp. pay for CareMax, Inc.?

Deerfield Healthcare Technology Acquisitions Corp. acquired CareMax, Inc. for $692.0M in 2020 (13.3x EBITDA), equivalent to 1.40x revenue. Target revenue was approximately $512.4M. Target EBITDA was approximately $52.2M.

What does CareMax, Inc. do?

CareMax, Inc. is a medical practice primary care business.

M&A TRANSACTION · 2020

CareMax, Inc. acquired by Deerfield Healthcare Technology Acquisitions Corp.

$692.0M· 13.3x EBITDA· 1.40x revenue

Target

CareMax, Inc.

Acquirer

Deerfield Healthcare Technology Acquisitions Corp.

Disclosed financials at time of acquisition

Revenue

$512.4M

EBITDA

$52.2M

Deal Value

$692.0M

EV/EBITDA

13.3x

Context

This $692.0M acquisition of CareMax, Inc. by Deerfield Healthcare Technology Acquisitions Corp. sits in the medical practice primary care sub-vertical. The 13.3x EBITDA multiple paid in 2020 can be compared against the population median for medical practice primary care transactions of similar size on our Medical Practice Primary Care valuation hub.

Source

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

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Citation: ExitValue.ai. (2020). CareMax, Inc. acquired by Deerfield Healthcare Technology Acquisitions Corp.. https://exitvalue.ai/deals/caremax-inc-acquired-by-deerfield-healthcare-technology-acquisit-hc-2020-0112