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

Verscend Technologies, Inc. acquired Cotoviti 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 Cotoviti Holdings, Inc. do?

Cotoviti Holdings, Inc. is a healthtech business.

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

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

M&A TRANSACTION · 2018

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

$4.90B· 16.3x EBITDA· 6.60x revenue

Target

Cotoviti Holdings, Inc.

Acquirer

Verscend Technologies, Inc.

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 Cotoviti Holdings, Inc. by Verscend Technologies, Inc. sits in the healthtech sub-vertical. The 16.3x EBITDA multiple paid in 2018 can be compared against the population median for healthtech transactions of similar size on our Healthtech valuation hub.

Source

Data sourced from SEC Fairness Opinion — primary 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). Cotoviti Holdings, Inc. acquired by Verscend Technologies, Inc.. https://exitvalue.ai/deals/cotoviti-holdings-inc-acquired-by-verscend-technologies-inc-fairness-opi