Fairness opinions › Segments
Behavioral Health fairness opinions
3 public-company healthcare transactions in Behavioral Health, 2010-2018, each with the banker's fairness opinion from the SEC filing: the DCF discount rate and terminal assumptions, the selected companies and precedent transactions, and the deal terms.
Valuation benchmarks
EV / LTM EBITDA
8.1x
median · n=3
EV / LTM revenue
0.87x
median · n=3
DCF discount rate (midpoint)
8.5%
median · n=3
Behavioral Health transactions with a fairness opinion, 2010-2018. Multiples are enterprise value over the last-twelve-months figure disclosed in the filing; the discount rate is the midpoint of the range the banker used in its DCF.
Bankers most often engaged in Behavioral Health
Goldman Sachs (2) · Barclays (1)
All Behavioral Health transactions
| Announced | Target | Acquirer | EV | EV/EBITDA | EV/Rev | DCF rate | Fairness opinion |
|---|---|---|---|---|---|---|---|
| 2018-12-18 | Civitas Solutions | Centerbridge Partners | $1.4B | 8.1x | 0.87x | 9.0%–9.5% | Barclays |
| 2010-09-07 | ResCare | Onex | $549M | 5.3x | 0.34x | 8.0%–9.0% | Goldman Sachs |
| 2010-05-17 | Psychiatric Solutions | Universal Health Services | $3.0B | 8.7x | 1.60x | 7.5%–9.0% | Goldman Sachs |
3,000+ healthcare deal-level valuation multiples
The Valuation database includes financial details for more than 3,000 healthcare M&A transactions, private and public, with deal-level multiples, categorized by segment, type, and year.