M&A · Tech · Services-Computer Integrated Systems Design
MDaudit to acquire Streamline Health Solutions Inc.
Announced May 29, 2025 · Closed Aug 12, 2025
Deal value$37MEV $29M
Premium138.0%To unaffected price
EV / Adj. EBITDA—1.6x EV / Revenue
ConsiderationAll cash$5.34 per share
Transaction
- Acquirer
- MDaudit
- Target
- Streamline Health Solutions Inc. (STRM)
- Buyer type
- Strategic
- Offer price per share
- $5.34
- Enterprise value
- $29M
- Status
- Closed Aug 12, 2025
Deal protections
- Break fee (target pays)
- $0.9M · 2.5%
- Reverse fee (buyer pays)
- —
- Go-shop
- No-shop
- Financing
- No financing condition
Advisors
- To the acquirer
- Not disclosed
- To the target
- Cain Brothers, KeyBanc Capital Markets
Sector context · Tech
- Comparable deals
- 60 in the prior 24 months
- Premium
- 138.0% vs. 37.0% sector median
- EV / Adj. EBITDA
- Sector median 16.7x
- Break fee
- 2.5% vs. 3.1% sector median
Timeline
- AnnouncedMay 29, 2025
- Proxy filedJun 30, 2025
- Definitive proxyJul 10, 2025
- Shareholder voteAug 7, 2025
- ClosedAug 12, 2025
Valuation · fairness opinions
Trading comparables$2.90$4.96
Trading comparables$3.03$5.12
Trading comparables$4.96$7.01
Discounted cash flow$2.20$3.66
Premiums paid$2.69$3.60
Offer $5.34
Implied value per Streamline Health Solutions Inc. share by analysis, from Cain Brothers · DCF discount rate 16.9%–18.9%.