What did Edwards Lifesciences pay for CAS Medical Systems, Inc.?

Edwards Lifesciences acquired CAS Medical Systems, Inc. for $100.0M in 2019, equivalent to 4.10x revenue. Target revenue was approximately $24.7M.

What does CAS Medical Systems, Inc. do?

CAS Medical Systems, Inc. is a medical devices business.

What multiple did Edwards Lifesciences pay for CAS Medical Systems, Inc.?

4.10x revenue, based on disclosed deal value of $100.0M and disclosed financials.

M&A TRANSACTION · 2019

CAS Medical Systems, Inc. acquired by Edwards Lifesciences

$100.0M· 4.10x revenue

Target

CAS Medical Systems, Inc.

Acquirer

Edwards Lifesciences

Strategic buyer

Disclosed financials at time of acquisition

Revenue

$24.7M

EBITDA

—

Deal Value

$100.0M

EV/EBITDA

—

Context

This $100.0M acquisition of CAS Medical Systems, Inc. by Edwards Lifesciences sits in the medical devices sub-vertical. Edwards Lifesciences 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 Fairness Opinion — primary source. 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). CAS Medical Systems, Inc. acquired by Edwards Lifesciences. https://exitvalue.ai/deals/cas-medical-systems-inc-acquired-by-edwards-lifesciences-fairness-opi