What did GigCapital2 pay for UpHealth Holdings / Cloudbreak Health?

GigCapital2 acquired UpHealth Holdings / Cloudbreak Health for $1.35B in 2020 (56.3x EBITDA), equivalent to 7.10x revenue. Target revenue was approximately $190.0M. Target EBITDA was approximately $24.0M.

What does UpHealth Holdings / Cloudbreak Health do?

UpHealth Holdings / Cloudbreak Health is a healthcare it business.

What multiple did GigCapital2 pay for UpHealth Holdings / Cloudbreak Health?

56.3x EBITDA and 7.10x revenue, based on disclosed deal value of $1.35B and disclosed financials.

M&A TRANSACTION · 2020

UpHealth Holdings / Cloudbreak Health acquired by GigCapital2

$1.35B· 56.3x EBITDA· 7.10x revenue

Target

UpHealth Holdings / Cloudbreak Health

Acquirer

GigCapital2

Disclosed financials at time of acquisition

Revenue

$190.0M

EBITDA

$24.0M

Deal Value

$1.35B

EV/EBITDA

56.3x

Context

This $1.35B acquisition of UpHealth Holdings / Cloudbreak Health by GigCapital2 sits in the healthcare it sub-vertical. The 56.3x EBITDA multiple paid in 2020 can be compared against the population median for healthcare it transactions of similar size on our Healthcare It valuation hub.

Source

Data sourced from 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. (2020). UpHealth Holdings / Cloudbreak Health acquired by GigCapital2. https://exitvalue.ai/deals/uphealth-holdings-cloudbreak-health-acquired-by-gigcapital2-hc-2020-0115