What did Medical Properties Trust / Management pay for Springstone?

Medical Properties Trust / Management acquired Springstone for $950.0M in 2021 (14.1x EBITDA). Target EBITDA was approximately $67.5M.

What does Springstone do?

Springstone is a mental health business.

What multiple did Medical Properties Trust / Management pay for Springstone?

14.1x EBITDA, based on disclosed deal value of $950.0M and disclosed financials.

M&A TRANSACTION · 2021

Springstone acquired by Medical Properties Trust / Management

$950.0M· 14.1x EBITDA

Target

Springstone

Acquirer

Medical Properties Trust / Management

Strategic buyer

Disclosed financials at time of acquisition

Revenue

—

EBITDA

$67.5M

Deal Value

$950.0M

EV/EBITDA

14.1x

Context

This $950.0M acquisition of Springstone by Medical Properties Trust / Management sits in the mental health sub-vertical. The 14.1x EBITDA multiple paid in 2021 can be compared against the population median for mental health transactions of similar size on our Mental Health valuation hub. Medical Properties Trust / Management is acquiring as a strategic buyer; see how strategic acquirers typically price mental health businesses on our Mental Health strategic buyer-pool page.

Source

Data sourced from Investor presentation 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. (2021). Springstone acquired by Medical Properties Trust / Management. https://exitvalue.ai/deals/springstone-acquired-by-medical-properties-trust-management-hc-2021-0081