What did Millennium Trust pay for PayFlex?

Millennium Trust acquired PayFlex for $775.0M in 2022, equivalent to 3.40x revenue. Target revenue was approximately $230.7M.

What does PayFlex do?

PayFlex is a healthcare it business.

What multiple did Millennium Trust pay for PayFlex?

3.40x revenue, based on disclosed deal value of $775.0M and disclosed financials.

M&A TRANSACTION · 2022

PayFlex acquired by Millennium Trust

$775.0M· 3.40x revenue

Target

PayFlex

Acquirer

Millennium Trust

Disclosed financials at time of acquisition

Revenue

$230.7M

EBITDA

—

Deal Value

$775.0M

EV/EBITDA

—

Context

This $775.0M acquisition of PayFlex by Millennium Trust sits in the healthcare it sub-vertical.

Source

Data sourced from SEC filings and press reporting. 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). PayFlex acquired by Millennium Trust. https://exitvalue.ai/deals/payflex-acquired-by-millennium-trust-hc-2022-0067