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M&A TRANSACTION · 2018

Center for Autism and Related Disorders (CARD) acquired by Blackstone Group

$700.0M· 30.4x EBITDA· 4.00x revenue

Target

Center for Autism and Related Disorders (CARD)

Tarzana, CA

Leading ABA therapy provider with 265 clinics nationally

Acquirer

Blackstone Group

Private Equity buyer

Disclosed financials at time of acquisition

Revenue

$175.0M

EBITDA

$23.0M

Deal Value

$700.0M

EV/EBITDA

30.4x

Context

This $700.0M acquisition of Center for Autism and Related Disorders (CARD) by Blackstone Group sits in the mental health sub-vertical. The 30.4x EBITDA multiple paid in 2018 can be compared against the population median for mental health transactions of similar size on our Mental Health valuation hub. Blackstone Group is acquiring as a private equity buyer; see how PE acquirers typically price mental health businesses on our Mental Health PE buyer-pool page.

Source

Data sourced from Blackstone Press Releaseprimary 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. (2018). Center for Autism and Related Disorders (CARD) acquired by Blackstone Group. https://exitvalue.ai/deals/center-for-autism-and-related-disorders-card-acquired-by-blackstone-group-behavioral-h