What did Computer Programs and Systems, Inc. pay for TruCode?

Computer Programs and Systems, Inc. acquired TruCode for $59.9M in 2021 (10.2x EBITDA), equivalent to 4.80x revenue. Target revenue was approximately $12.5M. Target EBITDA was approximately $5.9M.

What does TruCode do?

TruCode is a healthcare it business.

What multiple did Computer Programs and Systems, Inc. pay for TruCode?

10.2x EBITDA and 4.80x revenue, based on disclosed deal value of $59.9M and disclosed financials.

M&A TRANSACTION · 2021

TruCode acquired by Computer Programs and Systems, Inc.

$59.9M· 10.2x EBITDA· 4.80x revenue

Target

TruCode

Acquirer

Computer Programs and Systems, Inc.

Strategic buyer

Disclosed financials at time of acquisition

Revenue

$12.5M

EBITDA

$5.9M

Deal Value

$59.9M

EV/EBITDA

10.2x

Context

This $59.9M acquisition of TruCode by Computer Programs and Systems, Inc. sits in the healthcare it sub-vertical. The 10.2x EBITDA multiple paid in 2021 can be compared against the population median for healthcare it transactions of similar size on our Healthcare It valuation hub. Computer Programs and Systems, Inc. is acquiring as a strategic buyer; see how strategic acquirers typically price healthcare it businesses on our Healthcare It strategic buyer-pool page.

Source

Data sourced from SEC filings and press releases. 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). TruCode acquired by Computer Programs and Systems, Inc.. https://exitvalue.ai/deals/trucode-acquired-by-computer-programs-and-systems-inc-hc-2021-0099