What did Medtronic plc pay for Intersect ENT, Inc.?

Medtronic plc acquired Intersect ENT, Inc. for $1.28B in 2022, equivalent to 8.10x revenue. Target revenue was approximately $158.0M.

What does Intersect ENT, Inc. do?

Intersect ENT, Inc. is a medical devices business.

What multiple did Medtronic plc pay for Intersect ENT, Inc.?

8.10x revenue, based on disclosed deal value of $1.28B and disclosed financials.

M&A TRANSACTION · 2022

Intersect ENT, Inc. acquired by Medtronic plc

$1.28B· 8.10x revenue

Target

Intersect ENT, Inc.

Acquirer

Medtronic plc

Strategic buyer

Disclosed financials at time of acquisition

Revenue

$158.0M

EBITDA

—

Deal Value

$1.28B

EV/EBITDA

—

Context

This $1.28B acquisition of Intersect ENT, Inc. by Medtronic plc sits in the medical devices sub-vertical. Medtronic plc is acquiring as a strategic buyer; see how strategic acquirers typically price medical devices businesses on our Medical Devices strategic 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. (2022). Intersect ENT, Inc. acquired by Medtronic plc. https://exitvalue.ai/deals/intersect-ent-inc-acquired-by-medtronic-plc-fairness-opi