What did Akumin, Inc. pay for Coral Springs Acquisition?

Akumin, Inc. acquired Coral Springs Acquisition for $2.1M in 2020 (4.8x EBITDA), equivalent to 0.70x revenue. Target revenue was approximately $3.0M. Target EBITDA was approximately $0.4M.

What does Coral Springs Acquisition do?

Coral Springs Acquisition is a imaging center business.

What multiple did Akumin, Inc. pay for Coral Springs Acquisition?

4.8x EBITDA and 0.70x revenue, based on disclosed deal value of $2.1M and disclosed financials.

M&A TRANSACTION · 2020

Coral Springs Acquisition acquired by Akumin, Inc.

$2.1M· 4.8x EBITDA· 0.70x revenue

Target

Coral Springs Acquisition

Acquirer

Akumin, Inc.

Strategic buyer

Disclosed financials at time of acquisition

Revenue

$3.0M

EBITDA

$0.4M

Deal Value

$2.1M

EV/EBITDA

4.8x

Context

This $2.1M acquisition of Coral Springs Acquisition by Akumin, Inc. sits in the imaging center sub-vertical. The 4.8x EBITDA multiple paid in 2020 can be compared against the population median for imaging center transactions of similar size on our Imaging Center valuation hub. Akumin, Inc. is acquiring as a strategic buyer; see how strategic acquirers typically price imaging center businesses on our Imaging Center strategic buyer-pool page.

Source

Data sourced from SEC filings. All figures reflect disclosed values at the time of the acquisition; no estimated or imputed data. Methodology

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Citation: ExitValue.ai. (2020). Coral Springs Acquisition acquired by Akumin, Inc.. https://exitvalue.ai/deals/coral-springs-acquisition-acquired-by-akumin-inc-hc-2020-0135