What did Wright Medical Group NV pay for Cartiva, Inc.?

Wright Medical Group NV acquired Cartiva, Inc. for $433.6M in 2018, equivalent to 12.40x revenue. Target revenue was approximately $35.0M.

What does Cartiva, Inc. do?

Cartiva, Inc. is a medical devices business.

What multiple did Wright Medical Group NV pay for Cartiva, Inc.?

12.40x revenue, based on disclosed deal value of $433.6M and disclosed financials.

M&A TRANSACTION · 2018

Cartiva, Inc. acquired by Wright Medical Group NV

$433.6M· 12.40x revenue

Target

Cartiva, Inc.

Acquirer

Wright Medical Group NV

Strategic buyer

Disclosed financials at time of acquisition

Revenue

$35.0M

EBITDA

—

Deal Value

$433.6M

EV/EBITDA

—

Context

This $433.6M acquisition of Cartiva, Inc. by Wright Medical Group NV sits in the medical devices sub-vertical. Wright Medical Group NV is acquiring as a strategic buyer; see how strategic acquirers typically price medical devices businesses on our Medical Devices 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. (2018). Cartiva, Inc. acquired by Wright Medical Group NV. https://exitvalue.ai/deals/cartiva-inc-acquired-by-wright-medical-group-nv-hc-2018-0162