What did Masimo pay for LiDCO Group?

Masimo acquired LiDCO Group for $40.1M in 2020 (25.9x EBITDA), equivalent to 4.20x revenue. Target revenue was approximately $9.5M. Target EBITDA was approximately $1.6M.

What does LiDCO Group do?

LiDCO Group is a medical devices business.

What multiple did Masimo pay for LiDCO Group?

25.9x EBITDA and 4.20x revenue, based on disclosed deal value of $40.1M and disclosed financials.

M&A TRANSACTION · 2020

LiDCO Group acquired by Masimo

$40.1M· 25.9x EBITDA· 4.20x revenue

Target

LiDCO Group

Acquirer

Masimo

Strategic buyer

Disclosed financials at time of acquisition

Revenue

$9.5M

EBITDA

$1.6M

Deal Value

$40.1M

EV/EBITDA

25.9x

Context

This $40.1M acquisition of LiDCO Group by Masimo sits in the medical devices sub-vertical. The 25.9x EBITDA multiple paid in 2020 can be compared against the population median for medical devices transactions of similar size on our Medical Devices valuation hub. Masimo 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 Press releases and earnings releases. All figures reflect disclosed values at the time of the acquisition; no estimated or imputed data. Methodology

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Citation: ExitValue.ai. (2020). LiDCO Group acquired by Masimo. https://exitvalue.ai/deals/lidco-group-acquired-by-masimo-hc-2020-0117