What did Stryker Corp. pay for Vocera Communications, Inc.?

Stryker Corp. acquired Vocera Communications, Inc. for $2.56B in 2022 (52.3x EBITDA), equivalent to 9.40x revenue. Target revenue was approximately $274.0M. Target EBITDA was approximately $49.0M.

What does Vocera Communications, Inc. do?

Vocera Communications, Inc. is a healthcare it business.

What multiple did Stryker Corp. pay for Vocera Communications, Inc.?

52.3x EBITDA and 9.40x revenue, based on disclosed deal value of $2.56B and disclosed financials.

M&A TRANSACTION · 2022

Vocera Communications, Inc. acquired by Stryker Corp.

$2.56B· 52.3x EBITDA· 9.40x revenue

Target

Vocera Communications, Inc.

Acquirer

Stryker Corp.

Strategic buyer

Disclosed financials at time of acquisition

Revenue

$274.0M

EBITDA

$49.0M

Deal Value

$2.56B

EV/EBITDA

52.3x

Context

This $2.56B acquisition of Vocera Communications, Inc. by Stryker Corp. sits in the healthcare it sub-vertical. The 52.3x EBITDA multiple paid in 2022 can be compared against the population median for healthcare it transactions of similar size on our Healthcare It valuation hub. Stryker 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 SEC filings and earnings 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. (2022). Vocera Communications, Inc. acquired by Stryker Corp.. https://exitvalue.ai/deals/vocera-communications-inc-acquired-by-stryker-corp-hc-2022-0074