What did Globus Medical Inc. pay for StelKast, Inc.?

Globus Medical Inc. acquired StelKast, Inc. for $28.1M in 2019, equivalent to 2.80x revenue. Target revenue was approximately $10.0M.

What does StelKast, Inc. do?

StelKast, Inc. is a medical devices business.

What multiple did Globus Medical Inc. pay for StelKast, Inc.?

2.80x revenue, based on disclosed deal value of $28.1M and disclosed financials.

M&A TRANSACTION · 2019

StelKast, Inc. acquired by Globus Medical Inc.

$28.1M· 2.80x revenue

Target

StelKast, Inc.

Acquirer

Globus Medical Inc.

Strategic buyer

Disclosed financials at time of acquisition

Revenue

$10.0M

EBITDA

—

Deal Value

$28.1M

EV/EBITDA

—

Context

This $28.1M acquisition of StelKast, Inc. by Globus Medical Inc. sits in the medical devices sub-vertical. Globus 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 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. (2019). StelKast, Inc. acquired by Globus Medical Inc.. https://exitvalue.ai/deals/stelkast-inc-acquired-by-globus-medical-inc-hc-2019-0144