What did Progressive Care Inc. pay for Family Physicians RX, Inc.?

Progressive Care Inc. acquired Family Physicians RX, Inc. for $3.0M in 2019, equivalent to 0.20x revenue. Target revenue was approximately $18.0M.

What does Family Physicians RX, Inc. do?

Family Physicians RX, Inc. is a pharmacy business.

What multiple did Progressive Care Inc. pay for Family Physicians RX, Inc.?

0.20x revenue, based on disclosed deal value of $3.0M and disclosed financials.

M&A TRANSACTION · 2019

Family Physicians RX, Inc. acquired by Progressive Care Inc.

$3.0M· 0.20x revenue

Target

Family Physicians RX, Inc.

Acquirer

Progressive Care Inc.

Strategic buyer

Disclosed financials at time of acquisition

Revenue

$18.0M

EBITDA

—

Deal Value

$3.0M

EV/EBITDA

—

Context

This $3.0M acquisition of Family Physicians RX, Inc. by Progressive Care Inc. sits in the pharmacy sub-vertical. Progressive Care Inc. 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 release. All figures reflect disclosed values at the time of the acquisition; no estimated or imputed data. Methodology

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Citation: ExitValue.ai. (2019). Family Physicians RX, Inc. acquired by Progressive Care Inc.. https://exitvalue.ai/deals/family-physicians-rx-inc-acquired-by-progressive-care-inc-hc-2019-0153