What did South Shore Health System pay for Health Express?

South Shore Health System acquired Health Express for $33.0M in 2018 (9.7x EBITDA), equivalent to 2.90x revenue. Target revenue was approximately $11.5M. Target EBITDA was approximately $3.4M.

What does Health Express do?

Health Express is a urgent care business.

What multiple did South Shore Health System pay for Health Express?

9.7x EBITDA and 2.90x revenue, based on disclosed deal value of $33.0M and disclosed financials.

M&A TRANSACTION · 2018

Health Express acquired by South Shore Health System

$33.0M· 9.7x EBITDA· 2.90x revenue

Target

Health Express

Acquirer

South Shore Health System

Strategic buyer

Disclosed financials at time of acquisition

Revenue

$11.5M

EBITDA

$3.4M

Deal Value

$33.0M

EV/EBITDA

9.7x

Context

This $33.0M acquisition of Health Express by South Shore Health System sits in the urgent care sub-vertical. The 9.7x EBITDA multiple paid in 2018 can be compared against the population median for urgent care transactions of similar size on our Urgent Care valuation hub. South Shore Health System is acquiring as a strategic buyer; see how strategic acquirers typically price urgent care businesses on our Urgent Care strategic buyer-pool page.

Source

Data sourced from Audited financial statements. All figures reflect disclosed values at the time of the acquisition; no estimated or imputed data. Methodology

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Citation: ExitValue.ai. (2018). Health Express acquired by South Shore Health System. https://exitvalue.ai/deals/health-express-acquired-by-south-shore-health-system-hc-2018-0160