What did Individuals pay for Forme Medical Center, Inc.?

Individuals acquired Forme Medical Center, Inc. for $11.5M in 2023 (3.4x EBITDA), equivalent to 0.90x revenue. Target revenue was approximately $12.2M. Target EBITDA was approximately $3.4M.

What does Forme Medical Center, Inc. do?

Forme Medical Center, Inc. is a urgent care business.

What multiple did Individuals pay for Forme Medical Center, Inc.?

3.4x EBITDA and 0.90x revenue, based on disclosed deal value of $11.5M and disclosed financials.

M&A TRANSACTION · 2023

Forme Medical Center, Inc. acquired by Individuals

$11.5M· 3.4x EBITDA· 0.90x revenue

Target

Forme Medical Center, Inc.

Acquirer

Individuals

Disclosed financials at time of acquisition

Revenue

$12.2M

EBITDA

$3.4M

Deal Value

$11.5M

EV/EBITDA

3.4x

Context

This $11.5M acquisition of Forme Medical Center, Inc. by Individuals sits in the urgent care sub-vertical. The 3.4x EBITDA multiple paid in 2023 can be compared against the population median for urgent care transactions of similar size on our Urgent Care valuation hub.

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. (2023). Forme Medical Center, Inc. acquired by Individuals. https://exitvalue.ai/deals/forme-medical-center-inc-acquired-by-individuals-hc-2023-0049