LBO — TEXAS SPINE AND JOINT HOSPITAL
IRR: 18.6% | MOIC: 2.35x
🛡️ Public data only — no PHI permitted on this instance.
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18.6%
IRR
2.35x
MOIC
$121.4M
Entry EV
$197.6M
Exit EV
$62.4M
Equity Invested
Sources & Uses
S&UTotal · $121.4M| Item | Amount | % | Distribution |
|---|---|---|---|
| Senior Debt | $47.1M | 38.8% | |
| Sub Debt | $11.8M | 9.7% | |
| Equity | $62.4M | 51.5% | |
| Enterprise Value | $117.8M | 97.1% | |
| Transaction Fees | $3.5M | 2.9% | |
| Total Uses | $121.4M | 100.0% |
Interpretation
INTAt 2.35x MOIC and 18.6% IRR over 5 years, this deal meets the 15-20% range — acceptable with operational upside.
Key drivers: Check the EBITDA bridge to identify highest-probability levers, the debt schedule for leverage trajectory, or the challenge solver to see what breaks the deal.
Returns Waterfall
WFL| Component | Value |
|---|---|
| Exit Ebitda | $18.8M |
| Exit Ev | $197.6M |
| Net Debt At Exit | $51.0M |
| Equity At Exit | $146.6M |
| Equity Invested | $62.4M |
| Total Value Created | $84.1M |
| Value From Growth | $73.8M |
| Value From Multiple | $5.9M |
| Value From Deleveraging | $7.9M |