M&A · Healthcare · Services-Skilled Nursing Care Facilities
ABP Acquisition LLC to acquire AlerisLife Inc.
Announced Feb 3, 2023 · Closed Mar 20, 2023
Deal value$44MEV $31M
Premium—To unaffected price
EV / Adj. EBITDA—
ConsiderationAll cash$1.31 per share
Transaction
- Acquirer
- ABP Acquisition LLC
- Target
- AlerisLife Inc.
- Buyer type
- Strategic
- Offer price per share
- $1.31
- Enterprise value
- $31M
- Status
- Closed Mar 20, 2023
Deal protections
- Break fee (target pays)
- —
- Reverse fee (buyer pays)
- —
- Go-shop
- No-shop
- Financing
- No financing condition
Advisors
- To the acquirer
- Not disclosed
- To the target
- Citigroup
- Citigroup fee
- $3.0M
Sector context · Healthcare
- Comparable deals
- 75 in the prior 24 months
- Premium
- Sector median 47.9%
- EV / Adj. EBITDA
- Sector median 20.4x
- Break fee
- Sector median 3.4%
Timeline
- AnnouncedFeb 3, 2023
- Tender offerFeb 17, 2023
- ClosedMar 20, 2023
Valuation · fairness opinions
Other analysis$1.00$1.39
Discounted cash flow$1.00$1.54
Discounted cash flow$1.19$1.78
Trading comparables$1.34$2.11
Premiums paid$0.88$1.17
Offer $1.31
Implied value per AlerisLife Inc. share by analysis, from Citigroup.