What did ICU Medical, Inc. pay for Pursuit Vascular?

ICU Medical, Inc. acquired Pursuit Vascular for $88.8M in 2019, equivalent to 8.10x revenue. Target revenue was approximately $11.0M.

What does Pursuit Vascular do?

Pursuit Vascular is a medical devices business.

What multiple did ICU Medical, Inc. pay for Pursuit Vascular?

8.10x revenue, based on disclosed deal value of $88.8M and disclosed financials.

M&A TRANSACTION · 2019

Pursuit Vascular acquired by ICU Medical, Inc.

$88.8M· 8.10x revenue

Target

Pursuit Vascular

Acquirer

ICU Medical, Inc.

Strategic buyer

Disclosed financials at time of acquisition

Revenue

$11.0M

EBITDA

—

Deal Value

$88.8M

EV/EBITDA

—

Context

This $88.8M acquisition of Pursuit Vascular by ICU Medical, Inc. sits in the medical devices sub-vertical. ICU Medical, Inc. 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 SEC filings and 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. (2019). Pursuit Vascular acquired by ICU Medical, Inc.. https://exitvalue.ai/deals/pursuit-vascular-acquired-by-icu-medical-inc-hc-2019-0138