What did Prime MD Center pay for Upstate Urgent Care?

Prime MD Center acquired Upstate Urgent Care for $2.0M in 2023 (9.0x EBITDA), equivalent to 0.90x revenue. Target revenue was approximately $2.3M. Target EBITDA was approximately $0.2M.

What does Upstate Urgent Care do?

Upstate Urgent Care is a urgent care business.

What multiple did Prime MD Center pay for Upstate Urgent Care?

9.0x EBITDA and 0.90x revenue, based on disclosed deal value of $2.0M and disclosed financials.

M&A TRANSACTION · 2023

Upstate Urgent Care acquired by Prime MD Center

$2.0M· 9.0x EBITDA· 0.90x revenue

Target

Upstate Urgent Care

Acquirer

Prime MD Center

Strategic buyer

Disclosed financials at time of acquisition

Revenue

$2.3M

EBITDA

$0.2M

Deal Value

$2.0M

EV/EBITDA

9.0x

Context

This $2.0M acquisition of Upstate Urgent Care by Prime MD Center sits in the urgent care sub-vertical. The 9.0x EBITDA multiple paid in 2023 can be compared against the population median for urgent care transactions of similar size on our Urgent Care valuation hub. Prime MD Center is acquiring as a strategic buyer; see how strategic acquirers typically price urgent care businesses on our Urgent Care strategic buyer-pool page.

Source

Data sourced from CON filings. All figures reflect disclosed values at the time of the acquisition; no estimated or imputed data. Methodology

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Citation: ExitValue.ai. (2023). Upstate Urgent Care acquired by Prime MD Center. https://exitvalue.ai/deals/upstate-urgent-care-acquired-by-prime-md-center-hc-2023-0049