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New Deal


Announced

Completed

ModivCare completed the acquisition of CareFinders for $340m.

Financials

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Transaction Value£247m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales1.7x
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Friendly

Private

Domestic

Majority

Single Bidder

United States

personal care

Medical Services

Acquisition

Completed

Synopsis

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ModivCare, a technology-enabled healthcare services company that provides a suite of integrated supportive care solutions focused on improving patient outcomes, completed the acquisition of CareFinders, a personal care provider, for $340m. "ModivCare is leading the transformation to better connect people with care, through transportation, personal care, and nutritional meal delivery. The acquisition of CareFinders broadens access to in-home personal care solutions for patients and supports our strategy to expand on our personal care platform. We are evaluating an expanse of opportunities to continue this exciting and profitable growth. As we expand our footprint, we believe we will drive significant value for our patients, partners, and shareholders," Daniel E. Greenleaf, ModivCare President and CEO.

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