M&A TRANSACTION · 2024
Covenant Care / Covenant Hospice acquired by VITAS Healthcare Corporation (Chemed)
$85.0M· 18.0x EBITDA· 1.50x revenue
Target
Covenant Care / Covenant Hospice
Acquirer
VITAS Healthcare Corporation (Chemed)
Strategic buyer
Disclosed financials at time of acquisition
Revenue
$58.7M
EBITDA
$4.7M
Deal Value
$85.0M
EV/EBITDA
18.0x
Context
This $85.0M acquisition of Covenant Care / Covenant Hospice by VITAS Healthcare Corporation (Chemed) sits in the hospice sub-vertical. The 18.0x EBITDA multiple paid in 2024 can be compared against the population median for hospice transactions of similar size on our Hospice valuation hub. VITAS Healthcare Corporation (Chemed) is acquiring as a strategic buyer; see how strategic acquirers typically price hospice businesses on our Hospice strategic buyer-pool page.
Source
Data sourced from Press releases and Form 990s. All figures reflect disclosed values at the time of the acquisition; no estimated or imputed data. Methodology
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