What did Nordic Capital / Insight Partners pay for Inovalon?

Nordic Capital / Insight Partners acquired Inovalon for $7.30B in 2021 (26.9x EBITDA), equivalent to 9.40x revenue. Target revenue was approximately $775.0M. Target EBITDA was approximately $271.0M.

What does Inovalon do?

Inovalon is a healthtech business.

What multiple did Nordic Capital / Insight Partners pay for Inovalon?

26.9x EBITDA and 9.40x revenue, based on disclosed deal value of $7.30B and disclosed financials.

M&A TRANSACTION · 2021

Inovalon acquired by Nordic Capital / Insight Partners

$7.30B· 26.9x EBITDA· 9.40x revenue

Target

Inovalon

Acquirer

Nordic Capital / Insight Partners

Private Equity buyer

Disclosed financials at time of acquisition

Revenue

$775.0M

EBITDA

$271.0M

Deal Value

$7.30B

EV/EBITDA

26.9x

Context

This $7.30B acquisition of Inovalon by Nordic Capital / Insight Partners sits in the healthtech sub-vertical. The 26.9x EBITDA multiple paid in 2021 can be compared against the population median for healthtech transactions of similar size on our Healthtech valuation hub. Nordic Capital / Insight Partners is acquiring as a private equity buyer; see how PE acquirers typically price healthtech businesses on our Healthtech PE buyer-pool page.

Source

Data sourced from SEC Fairness Opinion — primary source. 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). Inovalon acquired by Nordic Capital / Insight Partners. https://exitvalue.ai/deals/inovalon-acquired-by-nordic-capital-insight-partners-fairness-opi