What did Norwest pay for HighFive Healthcare?

Norwest acquired HighFive Healthcare for $412.5M in 2023 (15.0x EBITDA). Target EBITDA was approximately $27.5M.

What does HighFive Healthcare do?

HighFive Healthcare is a dental practice business.

What multiple did Norwest pay for HighFive Healthcare?

15.0x EBITDA, based on disclosed deal value of $412.5M and disclosed financials.

M&A TRANSACTION · 2023

HighFive Healthcare acquired by Norwest

$412.5M· 15.0x EBITDA

Target

HighFive Healthcare

Acquirer

Norwest

Disclosed financials at time of acquisition

Revenue

—

EBITDA

$27.5M

Deal Value

$412.5M

EV/EBITDA

15.0x

Context

This $412.5M acquisition of HighFive Healthcare by Norwest sits in the dental practice sub-vertical. The 15.0x EBITDA multiple paid in 2023 can be compared against the population median for dental practice transactions of similar size on our Dental Practice valuation hub.

Source

Data sourced from Press reporting. 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). HighFive Healthcare acquired by Norwest. https://exitvalue.ai/deals/highfive-healthcare-acquired-by-norwest-hc-2023-0045