What did Agape Care Group pay for Hope Hospice, Inc.?

Agape Care Group acquired Hope Hospice, Inc. for $10.0M in 2023 (123.5x EBITDA), equivalent to 2.00x revenue. Target revenue was approximately $4.9M. Target EBITDA was approximately $0.1M.

What does Hope Hospice, Inc. do?

Hope Hospice, Inc. is a hospice business.

What multiple did Agape Care Group pay for Hope Hospice, Inc.?

123.5x EBITDA and 2.00x revenue, based on disclosed deal value of $10.0M and disclosed financials.

M&A TRANSACTION · 2023

Hope Hospice, Inc. acquired by Agape Care Group

$10.0M· 123.5x EBITDA· 2.00x revenue

Target

Hope Hospice, Inc.

Acquirer

Agape Care Group

Strategic buyer

Disclosed financials at time of acquisition

Revenue

$4.9M

EBITDA

$0.1M

Deal Value

$10.0M

EV/EBITDA

123.5x

Context

This $10.0M acquisition of Hope Hospice, Inc. by Agape Care Group sits in the hospice sub-vertical. The 123.5x EBITDA multiple paid in 2023 can be compared against the population median for hospice transactions of similar size on our Hospice valuation hub. Agape Care Group is acquiring as a strategic buyer; see how strategic acquirers typically price hospice businesses on our Hospice strategic buyer-pool page.

Source

Data sourced from CON filings and cost reports. 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). Hope Hospice, Inc. acquired by Agape Care Group. https://exitvalue.ai/deals/hope-hospice-inc-acquired-by-agape-care-group-hc-2023-0047