What did Agape Care Group pay for Journey Hospice of Alabama?

Agape Care Group acquired Journey Hospice of Alabama for $6.3M in 2022 (7.7x EBITDA), equivalent to 1.30x revenue. Target revenue was approximately $4.7M. Target EBITDA was approximately $0.8M.

What does Journey Hospice of Alabama do?

Journey Hospice of Alabama is a hospice business.

What multiple did Agape Care Group pay for Journey Hospice of Alabama?

7.7x EBITDA and 1.30x revenue, based on disclosed deal value of $6.3M and disclosed financials.

M&A TRANSACTION · 2022

Journey Hospice of Alabama acquired by Agape Care Group

$6.3M· 7.7x EBITDA· 1.30x revenue

Target

Journey Hospice of Alabama

Acquirer

Agape Care Group

Strategic buyer

Disclosed financials at time of acquisition

Revenue

$4.7M

EBITDA

$0.8M

Deal Value

$6.3M

EV/EBITDA

7.7x

Context

This $6.3M acquisition of Journey Hospice of Alabama by Agape Care Group sits in the hospice sub-vertical. The 7.7x EBITDA multiple paid in 2022 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. (2022). Journey Hospice of Alabama acquired by Agape Care Group. https://exitvalue.ai/deals/journey-hospice-of-alabama-acquired-by-agape-care-group-hc-2022-0062