Fairness opinions › Medical Devices and Supplies › 2015

Sorin acquired by Cyberonics / LivaNova: fairness opinion

Announced October 19, 2015 · Merger · DEFM14A filed August 21, 2015

Medical Devices and Supplies Medical Devices Filing detail pending

Enterprise value

$1.8B

EV / LTM EBITDA

12.3x

EBITDA $147M · 16% margin

EV / LTM revenue

1.96x

revenue $926M

DCF discount rate

8.5%–10.5%

Deal terms

Consideration—

Price per share—

Premium—

Premium basis—

StructureMerger

Termination fee—

Reverse termination fee—

Go-shopNone

Outside date—

FilingDEFM14A · EDGAR index

3,000+ healthcare deal-level valuation multiples

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Other Medical Devices and Supplies fairness opinions

Sirona Dental Systems / DENTSPLY 2015 · 16.2x EV/EBITDA
Liberator Medical Holdings / C. R. Bard 2015 · 11.5x EV/EBITDA
Synergetics USA / Bausch Health Companies 2015 · 13.2x EV/EBITDA
Thoratec / St. Jude Medical 2015 · 26.5x EV/EBITDA
Vascular Solutions / Teleflex 2016 · 25.7x EV/EBITDA
EndoChoice Holdings / Boston Scientific 2016

All Medical Devices and Supplies opinions →