healthcare.digital March 24, 2024
Lloyd Price

Exec Summary:

Virtual care M&A multiples have seen some fluctuations in the last 12 months, following a general trend in the broader HealthTech sector:

  • Peak valuations in H1 2021: During the height of the pandemic, virtual care companies saw skyrocketing valuations, with multiples reaching up to 7.5 times Last-Twelve-Months (LTM) revenue

  • Gradual decline and stabilisation: As the pandemic situation normalised, valuations started to decline in H2 2021 and settled around 3 times LTM revenue by the end of 2022

  • Slight rebound in H1 2023: The first half of 2023 witnessed a small uptick in valuations, with EV/revenue multiples for public companies in the sector increasing by 20% compared to 2022.

Current range:...

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Topics: Digital Health, Mergers & Acquisitions / JV, Technology, Trends
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