What did ICU Medical, Inc. pay for Smiths Medical?

ICU Medical, Inc. acquired Smiths Medical for $2.50B in 2021 (10.8x EBITDA), equivalent to 2.10x revenue. Target revenue was approximately $1171.0M. Target EBITDA was approximately $231.0M.

What does Smiths Medical do?

Smiths Medical is a medical devices business.

What multiple did ICU Medical, Inc. pay for Smiths Medical?

10.8x EBITDA and 2.10x revenue, based on disclosed deal value of $2.50B and disclosed financials.

M&A TRANSACTION · 2021

Smiths Medical acquired by ICU Medical, Inc.

$2.50B· 10.8x EBITDA· 2.10x revenue

Target

Smiths Medical

Acquirer

ICU Medical, Inc.

Disclosed financials at time of acquisition

Revenue

$1171.0M

EBITDA

$231.0M

Deal Value

$2.50B

EV/EBITDA

10.8x

Context

This $2.50B acquisition of Smiths Medical by ICU Medical, Inc. sits in the medical devices sub-vertical. The 10.8x EBITDA multiple paid in 2021 can be compared against the population median for medical devices transactions of similar size on our Medical Devices valuation hub.

Source

Data sourced from Press release. 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). Smiths Medical acquired by ICU Medical, Inc.. https://exitvalue.ai/deals/smiths-medical-acquired-by-icu-medical-inc-hc-2021-0091