What did National Veterinary Associates pay for SAGE Veterinary Centers?

National Veterinary Associates acquired SAGE Veterinary Centers for $1.25B in 2021 (25.0x EBITDA). Target EBITDA was approximately $50.0M.

What does SAGE Veterinary Centers do?

SAGE Veterinary Centers is a veterinary practice business.

What multiple did National Veterinary Associates pay for SAGE Veterinary Centers?

25.0x EBITDA, based on disclosed deal value of $1.25B and disclosed financials.

M&A TRANSACTION · 2021

SAGE Veterinary Centers acquired by National Veterinary Associates

$1.25B· 25.0x EBITDA

Target

SAGE Veterinary Centers

Acquirer

National Veterinary Associates

Strategic buyer

Disclosed financials at time of acquisition

Revenue

—

EBITDA

$50.0M

Deal Value

$1.25B

EV/EBITDA

25.0x

Context

This $1.25B acquisition of SAGE Veterinary Centers by National Veterinary Associates sits in the veterinary practice sub-vertical. The 25.0x EBITDA multiple paid in 2021 can be compared against the population median for veterinary practice transactions of similar size on our Veterinary Practice valuation hub. National Veterinary Associates is acquiring as a strategic buyer; see how strategic acquirers typically price veterinary practice businesses on our Veterinary Practice strategic buyer-pool page.

Source

Data sourced from 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. (2021). SAGE Veterinary Centers acquired by National Veterinary Associates. https://exitvalue.ai/deals/sage-veterinary-centers-acquired-by-national-veterinary-associates-hc-2021-0095