What did Verscend Technologies, Inc. pay for Cotiviti Holdings, Inc.?

Verscend Technologies, Inc. acquired Cotiviti Holdings, Inc. for $4.90B in 2018 (16.3x EBITDA), equivalent to 6.60x revenue. Target revenue was approximately $741.0M. Target EBITDA was approximately $301.0M.

What does Cotiviti Holdings, Inc. do?

Cotiviti Holdings, Inc. is a healthcare it business.

What multiple did Verscend Technologies, Inc. pay for Cotiviti Holdings, Inc.?

16.3x EBITDA and 6.60x revenue, based on disclosed deal value of $4.90B and disclosed financials.

M&A TRANSACTION · 2018

Cotiviti Holdings, Inc. acquired by Verscend Technologies, Inc.

$4.90B· 16.3x EBITDA· 6.60x revenue

Target

Cotiviti Holdings, Inc.

Acquirer

Verscend Technologies, Inc.

Strategic buyer

Disclosed financials at time of acquisition

Revenue

$741.0M

EBITDA

$301.0M

Deal Value

$4.90B

EV/EBITDA

16.3x

Context

This $4.90B acquisition of Cotiviti Holdings, Inc. by Verscend Technologies, Inc. sits in the healthcare it sub-vertical. The 16.3x EBITDA multiple paid in 2018 can be compared against the population median for healthcare it transactions of similar size on our Healthcare It valuation hub. Verscend Technologies, 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 Press releases and fairness opinions. 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). Cotiviti Holdings, Inc. acquired by Verscend Technologies, Inc.. https://exitvalue.ai/deals/cotiviti-holdings-inc-acquired-by-verscend-technologies-inc-hc-2018-0169