What did Hartford HealthCare pay for Endoscopy Center of Connecticut?

Hartford HealthCare acquired Endoscopy Center of Connecticut for $18.7M in 2024 (11.4x EBITDA), equivalent to 2.20x revenue. Target revenue was approximately $8.6M. Target EBITDA was approximately $1.6M.

What does Endoscopy Center of Connecticut do?

Endoscopy Center of Connecticut is a ambulatory surgery center business.

What multiple did Hartford HealthCare pay for Endoscopy Center of Connecticut?

11.4x EBITDA and 2.20x revenue, based on disclosed deal value of $18.7M and disclosed financials.

M&A TRANSACTION · 2024

Endoscopy Center of Connecticut acquired by Hartford HealthCare

$18.7M· 11.4x EBITDA· 2.20x revenue

Target

Endoscopy Center of Connecticut

Acquirer

Hartford HealthCare

Strategic buyer

Disclosed financials at time of acquisition

Revenue

$8.6M

EBITDA

$1.6M

Deal Value

$18.7M

EV/EBITDA

11.4x

Context

This $18.7M acquisition of Endoscopy Center of Connecticut by Hartford HealthCare sits in the ambulatory surgery center sub-vertical. The 11.4x EBITDA multiple paid in 2024 can be compared against the population median for ambulatory surgery center transactions of similar size on our Ambulatory Surgery Center valuation hub. Hartford HealthCare 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. (2024). Endoscopy Center of Connecticut acquired by Hartford HealthCare. https://exitvalue.ai/deals/endoscopy-center-of-connecticut-acquired-by-hartford-healthcare-hc-2024-0022