What did Stone Point Capital pay for The Difference Card?

Stone Point Capital acquired The Difference Card for $360.0M in 2025 (18.0x EBITDA). Target EBITDA was approximately $20.0M.

What does The Difference Card do?

The Difference Card is a healthcare it business.

What multiple did Stone Point Capital pay for The Difference Card?

18.0x EBITDA, based on disclosed deal value of $360.0M and disclosed financials.

M&A TRANSACTION · 2025

The Difference Card acquired by Stone Point Capital

$360.0M· 18.0x EBITDA

Target

The Difference Card

Acquirer

Stone Point Capital

Private Equity buyer

Disclosed financials at time of acquisition

Revenue

—

EBITDA

$20.0M

Deal Value

$360.0M

EV/EBITDA

18.0x

Context

This $360.0M acquisition of The Difference Card by Stone Point Capital sits in the healthcare it sub-vertical. The 18.0x EBITDA multiple paid in 2025 can be compared against the population median for healthcare it transactions of similar size on our Healthcare It valuation hub. Stone Point Capital is acquiring as a private equity buyer; see how PE acquirers typically price healthcare it businesses on our Healthcare It PE 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. (2025). The Difference Card acquired by Stone Point Capital. https://exitvalue.ai/deals/the-difference-card-acquired-by-stone-point-capital-hc-2025-0009