What did Babylon pay for Meritage Medical Network?

Babylon acquired Meritage Medical Network for $16.1M in 2021, equivalent to 0.20x revenue. Target revenue was approximately $70.7M.

What does Meritage Medical Network do?

Meritage Medical Network is a medical practice primary care business.

What multiple did Babylon pay for Meritage Medical Network?

0.20x revenue, based on disclosed deal value of $16.1M and disclosed financials.

M&A TRANSACTION · 2021

Meritage Medical Network acquired by Babylon

$16.1M· 0.20x revenue

Target

Meritage Medical Network

Acquirer

Babylon

Strategic buyer

Disclosed financials at time of acquisition

Revenue

$70.7M

EBITDA

—

Deal Value

$16.1M

EV/EBITDA

—

Context

This $16.1M acquisition of Meritage Medical Network by Babylon sits in the medical practice primary care sub-vertical. Babylon is acquiring as a strategic buyer; see how strategic acquirers typically price medical practice primary care businesses on our Medical Practice Primary Care strategic buyer-pool page.

Source

Data sourced from SEC filings. 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). Meritage Medical Network acquired by Babylon. https://exitvalue.ai/deals/meritage-medical-network-acquired-by-babylon-hc-2021-0104