What was the median EV/EBITDA multiple for Medical Devices in 2023?

The median EV/EBITDA multiple for Medical Devices acquisitions in 2023 was 13.7x, based on 17 disclosed transactions. The p25-p75 range was 8.35x to 15.9x.

What was the median EV/Revenue multiple for Medical Devices in 2023?

The median EV/Revenue multiple for Medical Devices acquisitions in 2023 was 2.95x, based on 46 disclosed transactions. The p25-p75 range was 1.48x to 5.17x.

2023M&A Transaction Multiples

Medical Devices Multiples - 2023

Sourced from 49 publicly disclosed Medical Devices acquisitions in 2023. Public records only (SEC EDGAR + verified press releases).

EV / EBITDA

13.7x

median · p25 8.3x - p75 15.9x · n=17

EV / Revenue

3.0x

median · p25 1.5x - p75 5.2x · n=46

Value your Medical Devices business

Instant valuation range + a sellability score with the 5 specific drivers worth the most at the LOI table. Backed by 25,592 real M&A transactions.

Medical Devices multiples by year

2025 · 13.36x EBITDA 2024 · 15.15x EBITDA 2023 · 13.7x EBITDA 2022 · 17.03x EBITDA 2021 · 16.5x EBITDA 2020 · 25.9x EBITDA 2019 · 13.7x EBITDA 2018 · 15.7x EBITDA

Other verticals - 2023 multiples

Dental Practice· 9x EBITDA Electronics· 9.54x EBITDA Healthcare IT· 24.6x EBITDA Industrial Equipment· 14.04x EBITDA Insurance Agency· 15.89x EBITDA IT Services· 10.71x EBITDA Laboratory Services· 17.6x EBITDA Metal Fabrication· 3.54x EBITDA Oil Gas Services· 4.99x EBITDA Other· 17.02x EBITDA Other Healthcare· 11.5x EBITDA Other Manufacturing· 12.7x EBITDA Other Professional Services· 7.21x EBITDA Other Technology· 22.88x EBITDA SaaS· 31.3x EBITDA Trucking· 5.96x EBITDA Wholesale Distribution· 9.52x EBITDA

Data sourced from 49 disclosed Medical Devices M&A transactions in 2023. Aggregations: median (p50), p25, p75. Quality gate: n ≥ 10 deals per (vertical x year) cell. Data generated 2026-05-26.Full methodology →