What did Citadel Group pay for Wellbeing Software Group?

Citadel Group acquired Wellbeing Software Group for $134.0M in 2020 (15.5x EBITDA), equivalent to 6.20x revenue. Target revenue was approximately $21.6M. Target EBITDA was approximately $8.6M.

What does Wellbeing Software Group do?

Wellbeing Software Group is a healthcare it business.

What multiple did Citadel Group pay for Wellbeing Software Group?

15.5x EBITDA and 6.20x revenue, based on disclosed deal value of $134.0M and disclosed financials.

M&A TRANSACTION · 2020

Wellbeing Software Group acquired by Citadel Group

$134.0M· 15.5x EBITDA· 6.20x revenue

Target

Wellbeing Software Group

Acquirer

Citadel Group

Disclosed financials at time of acquisition

Revenue

$21.6M

EBITDA

$8.6M

Deal Value

$134.0M

EV/EBITDA

15.5x

Context

This $134.0M acquisition of Wellbeing Software Group by Citadel Group sits in the healthcare it sub-vertical. The 15.5x 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). Wellbeing Software Group acquired by Citadel Group. https://exitvalue.ai/deals/wellbeing-software-group-acquired-by-citadel-group-hc-2020-0131