What did Progressive Care Inc. pay for MyApps Corp.?

Progressive Care Inc. acquired MyApps Corp. for $10.2M in 2020, equivalent to 10.20x revenue. Target revenue was approximately $1.0M.

What does MyApps Corp. do?

MyApps Corp. is a healthcare it business.

What multiple did Progressive Care Inc. pay for MyApps Corp.?

10.20x revenue, based on disclosed deal value of $10.2M and disclosed financials.

M&A TRANSACTION · 2020

MyApps Corp. acquired by Progressive Care Inc.

$10.2M· 10.20x revenue

Target

MyApps Corp.

Acquirer

Progressive Care Inc.

Strategic buyer

Disclosed financials at time of acquisition

Revenue

$1.0M

EBITDA

—

Deal Value

$10.2M

EV/EBITDA

—

Context

This $10.2M acquisition of MyApps Corp. by Progressive Care Inc. sits in the healthcare it sub-vertical. Progressive Care Inc. is acquiring as a strategic buyer; see how strategic acquirers typically price healthcare it businesses on our Healthcare It strategic buyer-pool page.

Source

Data sourced from Press 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). MyApps Corp. acquired by Progressive Care Inc.. https://exitvalue.ai/deals/myapps-corp-acquired-by-progressive-care-inc-hc-2020-0121