What did WELL Health Technologies Corp. pay for VirtuelMED Inc.?

WELL Health Technologies Corp. acquired VirtuelMED Inc. for $8.0M in 2020 (6.6x EBITDA), equivalent to 1.30x revenue. Target revenue was approximately $6.0M. Target EBITDA was approximately $1.2M.

What does VirtuelMED Inc. do?

VirtuelMED Inc. is a healthcare it business.

What multiple did WELL Health Technologies Corp. pay for VirtuelMED Inc.?

6.6x EBITDA and 1.30x revenue, based on disclosed deal value of $8.0M and disclosed financials.

M&A TRANSACTION · 2020

VirtuelMED Inc. acquired by WELL Health Technologies Corp.

$8.0M· 6.6x EBITDA· 1.30x revenue

Target

VirtuelMED Inc.

Acquirer

WELL Health Technologies Corp.

Strategic buyer

Disclosed financials at time of acquisition

Revenue

$6.0M

EBITDA

$1.2M

Deal Value

$8.0M

EV/EBITDA

6.6x

Context

This $8.0M acquisition of VirtuelMED Inc. by WELL Health Technologies Corp. sits in the healthcare it sub-vertical. The 6.6x 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. WELL Health Technologies 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. (2020). VirtuelMED Inc. acquired by WELL Health Technologies Corp.. https://exitvalue.ai/deals/virtuelmed-inc-acquired-by-well-health-technologies-corp-hc-2020-0114