What did Quartet Health pay for InnovaTel Telepsychiatry?

Quartet Health acquired InnovaTel Telepsychiatry for $100.0M in 2021, equivalent to 3.00x revenue. Target revenue was approximately $33.0M.

What does InnovaTel Telepsychiatry do?

InnovaTel Telepsychiatry is a healthcare it business.

What multiple did Quartet Health pay for InnovaTel Telepsychiatry?

3.00x revenue, based on disclosed deal value of $100.0M and disclosed financials.

M&A TRANSACTION · 2021

InnovaTel Telepsychiatry acquired by Quartet Health

$100.0M· 3.00x revenue

Target

InnovaTel Telepsychiatry

Acquirer

Quartet Health

Strategic buyer

Disclosed financials at time of acquisition

Revenue

$33.0M

EBITDA

—

Deal Value

$100.0M

EV/EBITDA

—

Context

This $100.0M acquisition of InnovaTel Telepsychiatry by Quartet Health sits in the healthcare it sub-vertical. Quartet Health is acquiring as a strategic buyer; see how strategic acquirers typically price healthcare it businesses on our Healthcare It strategic buyer-pool page.

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. (2021). InnovaTel Telepsychiatry acquired by Quartet Health. https://exitvalue.ai/deals/innovatel-telepsychiatry-acquired-by-quartet-health-hc-2021-0079