What did R1 RCM Inc. pay for Cloudmed?

R1 RCM Inc. acquired Cloudmed for $4.10B in 2022 (21.5x EBITDA), equivalent to 9.20x revenue. Target revenue was approximately $446.0M. Target EBITDA was approximately $191.0M.

What does Cloudmed do?

Cloudmed is a healthcare it business.

What multiple did R1 RCM Inc. pay for Cloudmed?

21.5x EBITDA and 9.20x revenue, based on disclosed deal value of $4.10B and disclosed financials.

M&A TRANSACTION · 2022

Cloudmed acquired by R1 RCM Inc.

$4.10B· 21.5x EBITDA· 9.20x revenue

Target

Cloudmed

Acquirer

R1 RCM Inc.

Strategic buyer

Disclosed financials at time of acquisition

Revenue

$446.0M

EBITDA

$191.0M

Deal Value

$4.10B

EV/EBITDA

21.5x

Context

This $4.10B acquisition of Cloudmed by R1 RCM Inc. sits in the healthcare it sub-vertical. The 21.5x EBITDA multiple paid in 2022 can be compared against the population median for healthcare it transactions of similar size on our Healthcare It valuation hub. R1 RCM Inc. is acquiring as a strategic buyer; see how strategic acquirers typically price healthcare it businesses on our Healthcare It strategic buyer-pool page.

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. (2022). Cloudmed acquired by R1 RCM Inc.. https://exitvalue.ai/deals/cloudmed-acquired-by-r1-rcm-inc-hc-2022-0075