What did Orthofix Medical Inc. pay for SeaSpine Holdings Corporation?

Orthofix Medical Inc. acquired SeaSpine Holdings Corporation for $280.0M in 2023, equivalent to 1.00x revenue. Target revenue was approximately $273.0M.

What does SeaSpine Holdings Corporation do?

SeaSpine Holdings Corporation is a medical devices business.

What multiple did Orthofix Medical Inc. pay for SeaSpine Holdings Corporation?

1.00x revenue, based on disclosed deal value of $280.0M and disclosed financials.

M&A TRANSACTION · 2023

SeaSpine Holdings Corporation acquired by Orthofix Medical Inc.

$280.0M· 1.00x revenue

Target

SeaSpine Holdings Corporation

Acquirer

Orthofix Medical Inc.

Strategic buyer

Disclosed financials at time of acquisition

Revenue

$273.0M

EBITDA

—

Deal Value

$280.0M

EV/EBITDA

—

Context

This $280.0M acquisition of SeaSpine Holdings Corporation by Orthofix Medical Inc. sits in the medical devices sub-vertical. Orthofix 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 Fairness Opinion — primary source. All figures reflect disclosed values at the time of the acquisition; no estimated or imputed data. Methodology

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Citation: ExitValue.ai. (2023). SeaSpine Holdings Corporation acquired by Orthofix Medical Inc.. https://exitvalue.ai/deals/seaspine-holdings-corporation-acquired-by-orthofix-medical-inc-fairness-opi