What did DarioHealth Corp. pay for Upright Technologies Ltd.?

DarioHealth Corp. acquired Upright Technologies Ltd. for $31.0M in 2021, equivalent to 2.40x revenue. Target revenue was approximately $12.8M.

What does Upright Technologies Ltd. do?

Upright Technologies Ltd. is a healthcare it business.

What multiple did DarioHealth Corp. pay for Upright Technologies Ltd.?

2.40x revenue, based on disclosed deal value of $31.0M and disclosed financials.

M&A TRANSACTION · 2021

Upright Technologies Ltd. acquired by DarioHealth Corp.

$31.0M· 2.40x revenue

Target

Upright Technologies Ltd.

Acquirer

DarioHealth Corp.

Strategic buyer

Disclosed financials at time of acquisition

Revenue

$12.8M

EBITDA

—

Deal Value

$31.0M

EV/EBITDA

—

Context

This $31.0M acquisition of Upright Technologies Ltd. by DarioHealth Corp. sits in the healthcare it sub-vertical. DarioHealth Corp. 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 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). Upright Technologies Ltd. acquired by DarioHealth Corp.. https://exitvalue.ai/deals/upright-technologies-ltd-acquired-by-dariohealth-corp-hc-2021-0108