What did MedImpact Healthcare Systems pay for Elixir (Rite Aid PBM)?

MedImpact Healthcare Systems acquired Elixir (Rite Aid PBM) for $576.5M in 2024 (6.1x EBITDA), equivalent to 0.10x revenue. Target revenue was approximately $4650.0M. Target EBITDA was approximately $95.0M.

What does Elixir (Rite Aid PBM) do?

Elixir (Rite Aid PBM) is a pharmacy business.

What multiple did MedImpact Healthcare Systems pay for Elixir (Rite Aid PBM)?

6.1x EBITDA and 0.10x revenue, based on disclosed deal value of $576.5M and disclosed financials.

M&A TRANSACTION · 2024

Elixir (Rite Aid PBM) acquired by MedImpact Healthcare Systems

$576.5M· 6.1x EBITDA· 0.10x revenue

Target

Elixir (Rite Aid PBM)

Acquirer

MedImpact Healthcare Systems

Strategic buyer

Disclosed financials at time of acquisition

Revenue

$4650.0M

EBITDA

$95.0M

Deal Value

$576.5M

EV/EBITDA

6.1x

Context

This $576.5M acquisition of Elixir (Rite Aid PBM) by MedImpact Healthcare Systems sits in the pharmacy sub-vertical. The 6.1x EBITDA multiple paid in 2024 can be compared against the population median for pharmacy transactions of similar size on our Pharmacy valuation hub. MedImpact Healthcare Systems is acquiring as a strategic buyer; see how strategic acquirers typically price pharmacy businesses on our Pharmacy strategic buyer-pool page.

Source

Data sourced from Press reporting and earnings releases. All figures reflect disclosed values at the time of the acquisition; no estimated or imputed data. Methodology

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Citation: ExitValue.ai. (2024). Elixir (Rite Aid PBM) acquired by MedImpact Healthcare Systems. https://exitvalue.ai/deals/elixir-rite-aid-pbm-acquired-by-medimpact-healthcare-systems-hc-2024-0036