What did Merit Medical Systems pay for Cianna Medical?

Merit Medical Systems acquired Cianna Medical for $188.3M in 2018, equivalent to 6.50x revenue. Target revenue was approximately $29.0M.

What does Cianna Medical do?

Cianna Medical is a medical devices business.

What multiple did Merit Medical Systems pay for Cianna Medical?

6.50x revenue, based on disclosed deal value of $188.3M and disclosed financials.

M&A TRANSACTION · 2018

Cianna Medical acquired by Merit Medical Systems

$188.3M· 6.50x revenue

Target

Cianna Medical

Acquirer

Merit Medical Systems

Strategic buyer

Disclosed financials at time of acquisition

Revenue

$29.0M

EBITDA

—

Deal Value

$188.3M

EV/EBITDA

—

Context

This $188.3M acquisition of Cianna Medical by Merit Medical Systems sits in the medical devices sub-vertical. Merit Medical Systems 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). Cianna Medical acquired by Merit Medical Systems. https://exitvalue.ai/deals/cianna-medical-acquired-by-merit-medical-systems-hc-2018-0160