What did Babylon pay for Fresno Health Care (FirstChoice)?

Babylon acquired Fresno Health Care (FirstChoice) for $25.7M in 2020, equivalent to 0.40x revenue. Target revenue was approximately $64.4M.

What does Fresno Health Care (FirstChoice) do?

Fresno Health Care (FirstChoice) is a medical practice primary care business.

What multiple did Babylon pay for Fresno Health Care (FirstChoice)?

0.40x revenue, based on disclosed deal value of $25.7M and disclosed financials.

M&A TRANSACTION · 2020

Fresno Health Care (FirstChoice) acquired by Babylon

$25.7M· 0.40x revenue

Target

Fresno Health Care (FirstChoice)

Acquirer

Babylon

Strategic buyer

Disclosed financials at time of acquisition

Revenue

$64.4M

EBITDA

—

Deal Value

$25.7M

EV/EBITDA

—

Context

This $25.7M acquisition of Fresno Health Care (FirstChoice) by Babylon sits in the medical practice primary care sub-vertical. Babylon is acquiring as a strategic buyer; see how strategic acquirers typically price medical practice primary care businesses on our Medical Practice Primary Care strategic buyer-pool page.

Source

Data sourced from SEC 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. (2020). Fresno Health Care (FirstChoice) acquired by Babylon. https://exitvalue.ai/deals/fresno-health-care-firstchoice-acquired-by-babylon-hc-2020-0119