What did Peoples ASC pay for Downtown Bronx ASC?

Peoples ASC acquired Downtown Bronx ASC for $6.2M in 2022 (6.0x EBITDA), equivalent to 0.70x revenue. Target revenue was approximately $8.9M. Target EBITDA was approximately $1.0M.

What does Downtown Bronx ASC do?

Downtown Bronx ASC is a ambulatory surgery center business.

What multiple did Peoples ASC pay for Downtown Bronx ASC?

6.0x EBITDA and 0.70x revenue, based on disclosed deal value of $6.2M and disclosed financials.

M&A TRANSACTION · 2022

Downtown Bronx ASC acquired by Peoples ASC

$6.2M· 6.0x EBITDA· 0.70x revenue

Target

Downtown Bronx ASC

Acquirer

Peoples ASC

Strategic buyer

Disclosed financials at time of acquisition

Revenue

$8.9M

EBITDA

$1.0M

Deal Value

$6.2M

EV/EBITDA

6.0x

Context

This $6.2M acquisition of Downtown Bronx ASC by Peoples ASC sits in the ambulatory surgery center sub-vertical. The 6.0x EBITDA multiple paid in 2022 can be compared against the population median for ambulatory surgery center transactions of similar size on our Ambulatory Surgery Center valuation hub. Peoples ASC is acquiring as a strategic buyer; see how strategic acquirers typically price ambulatory surgery center businesses on our Ambulatory Surgery Center strategic buyer-pool page.

Source

Data sourced from CON 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. (2022). Downtown Bronx ASC acquired by Peoples ASC. https://exitvalue.ai/deals/downtown-bronx-asc-acquired-by-peoples-asc-hc-2022-0060