Corpus Intelligence Size Intelligence 2026-04-26 00:40 UTC
Size Intelligence
365 deals · P50 EV $850M · ρ(size,MOIC)=-0.27 · best Mid
🛡️ Public data only — no PHI permitted on this instance.
Deals w/ EV
365
have EV data
EV P25
$380M
25th percentile
EV P50
$850M
median deal size
EV P75
$2160M
75th percentile
Size↔MOIC Corr
-0.27
Spearman ρ
Best Size Bucket
Mid
P50 3.40x
EV distribution and returns by deal size
EV vs MOIC — log scale · 365 deals
$50M$100M$300M$500M$1B$3B$10B1x2x3x4xHCA Healthcare – KKR / Bain Capital LBO · $33000M · 2.40xVanguard Health Systems – Blackstone Buy · $1375M · 3.10xIASIS Healthcare – TPG Capital Buyout · $1275M · 2.10xSelect Medical – Warburg Pincus LBO · $2150M · 2.30xEnvision Healthcare – KKR Buyout · $9900M · 0.05xSurgery Partners – H.I.G. Capital Platfo · $750M · 1.70xKindred Healthcare – TPG / Welsh Carson · $4100M · 1.40xSteward Health Care – Cerberus Capital A · $895M · 0.00xQuorum Health Corporation – CHS Spinoff · $1700M · 0.00xAcadia Healthcare – Waud Capital IPO Pla · $300M · 4.20xProspect Medical Holdings – Leonard Gree · $363M · 0.30xEmCare Holdings – Leonard Green & Partne · $1200M · 3.50xRegionalCare Hospital Partners – Foundat · $650M · 2.60xCapella Healthcare – Martin Ventures Buy · $800M · 2.10xBrightSpring Health Services – KKR Platf · $1600M · 1.90xNational Surgical Healthcare – H.I.G. Ca · $450M · 2.90xMultiPlan – Churchill Capital SPAC Merge · $11000M · 3.20xWelsh Carson Healthcare Platform – USPI · $1400M · 2.00xAvMed / CareMore Health – Anthem Acquisi · $800M · 2.50xRegionalCare + Capella → RCCH HealthCare · $1800M · 2.10xAcadia Healthcare – Waud Capital Build-u · $120M · 12.50xNational Surgical Healthcare – H.I.G. Ca · $475M · 2.80xCareCore National → eviCore Healthcare – · $1200M · 2.20xTeamHealth – Blackstone 1st LBO · $1050M · 2.60xBrightSpring Health Services – KKR · $1750M · 1.80xTivity Health – Welsh Carson Buyout · $635M · 1.40xPrivia Health Group – Advent Internation · $1600M · 3.10xAgilon Health – Advent International / I · $5500M · 4.20xEnvision Healthcare – KKR Take-Private · $9900M · 0.20xCovenant Physician Partners – USPI / Ten · $1400M · 4.50xAlignment Healthcare – IPO / Warburg Pin · $4200M · 3.80xBrightSpring Health Services – KKR IPO · $4800M · 2.10xAcadia Healthcare – Behavioral Portfolio · $680M · 2.10xOption Care Health – Walgreens Infusion · $580M · 2.80xPrivia Health Group – IPO / Goldman Sach · $3200M · 1.80xAgilon Health – IPO / Clayton Dubilier & · $5800M · 0.70xCano Health – SPAC / Jaws Acquisition Co · $4400M · 0.05xLifeStance Health – IPO / TPG Capital Ex · $6900M · 0.45xProspect Medical Holdings – CA Hospitals · $150M · 0.10xConcentra Group Holdings – Humana Exit / · $4500M · 2.40xAlignment Healthcare – TPG Secondary Blo · $900M · 0.60xAbsolute Care – UnitedHealth Group / Opt · $280M · 3.80xShields Health Solutions – Walgreens Boo · $1600M · 3.20xTivity Health – Foley & Lardner / Spire · $660M · 2.30xATI Physical Therapy – Advent Internatio · $2550M · 0.30xPaladina Health – DaVita Primary Care Sp · $350M · 1.80xLandmark Health – UnitedHealth Group Acq · $2500M · 3.50xBright Health Group – IPO / New Enterpri · $11000M · 0.02xVillageMD – Walgreens Boots Alliance Maj · $5200M · 0.30xSignify Health – CVS Health / Aetna Acqu · $8000M · 4.50xTenet Healthcare – USPI Control Stake Ac · $1800M · 2.20xOne Medical (1Life Healthcare) – Amazon · $3900M · 1.50xResCare / BrightSpring Health Services – · $2800M · 1.40xLandmark Health / UnitedHealth Group · $3500M · 7.00xAdvanced Dermatology / L Catterton · $950M · 3.20xSurgCenter Development / Warburg Pincus · $450M · 3.80xQuorum Health / Bankruptcy Acquisition · $250M · 0.70xInnovaCare Health / TPG · $1100M · 2.80xElara Caring / BPEA · $1200M · 2.10xSurgery Partners / H.I.G. Capital Exit · $800M · 3.50xGreenway Health / Vista Equity · $640M · 2.80xIora Health / One Medical Acquisition · $1460M · 9.00xCenturion Health / Wexford Health Merger · $300M · 2.40xBioScrip / Option Care (Merger) · $1800M · 3.10xConsulate Health Care / Restructuring · $400M · 0.60xCiox Health / Datavant Merger · $7000M · 8.00xRural Metro / KKR Exit to AMR · $2100M · 2.20xBehavioral Health Group / Shore Capital · $220M · 4.20xTeamHealth / Blackstone Secondary · $6200M · 2.50xVeracyte / PE Growth Investment · $800M · 5.50xAdaptHealth / Goldman Sachs BDC · $900M · 2.00xDoctor on Demand / Grand Rounds Merger · $1300M · 2.80xAMSURG / Envision Healthcare Merger · $15000M · 0.50xHealogics / Arsenal Capital · $750M · 2.90xNVA (National Veterinary Associates) / J · $3300M · 3.00xTalkspace / PE Pre-IPO Investment · $400M · 0.60xCCRM / Weinberg Capital · $500M · 3.50xInVivo Therapeutics / PACE Acquisition · $150M · 2.80xClover Health / SPAC (Social Capital Hed · $3700M · 0.15xHanger Clinic / Welsh Carson Buyout · $1200M · 2.10xGenesis HealthCare / Formation Capital · $2400M · 0.40xOutset Medical / PE Growth Round · $500M · 4.50xInvitae / GeneDx Merger · $150M · 0.10xCalibrate Health / AXA Venture Partners · $200M · 0.40xUS Oncology / McKesson Acquisition · $2160M · 3.20xPharMerica / KKR Acquisition · $1400M · 2.70xHealthcare Fund LP Secondary / Lexington · $600M · 2.30xRotech Healthcare / PE Recapitalization · $500M · 2.50xParsley Health / Deutsche Telekom (T-Hea · $200M · 1.80xConcentra / Humana Acquisition · $1055M · 3.10xPrivia Health / General Atlantic · $600M · 5.50xNextCare Urgent Care / Wellspring Capita · $550M · 3.00xAccolade Health / PE Pre-IPO Round · $600M · 3.80xPPD (Pharmaceutical Product Development) · $17400M · 5.50xPyramid Healthcare / Warburg Pincus · $400M · 3.10xLivongo Health / Teladoc Merger · $18500M · 0.30xSelect Medical / Welsh Carson · $2400M · 4.20xGoHealth / Centerbridge Partners · $2000M · 1.30xRegionalCare Hospital Partners / LifePoi · $5600M · 2.50xiRhythm Technologies / Pre-IPO Round · $600M · 5.00xIPC Healthcare / TeamHealth Acquisition · $1600M · 2.20xKindred at Home Hospice & Home Health Ca · $1420M · 3.40xBehavioral Health Group (BHG) LBO · $210M · 4.60xSmile Brands Dental Group Recapitalizati · $680M · 1.20xUS Renal Care Dialysis LBO · $540M · 3.10xRadNet Radiology Take-Private · $760M · 0.70xAcadia Healthcare Behavioral Health IPO · $950M · 8.20xEnvision Healthcare Physician Staffing M · $9900M · 0.10xGreenway Health RCM / EHR Platform LBO · $635M · 2.30xNational Veterinary Associates Add-On to · $2200M · 3.80xSurgery Partners ASC Rollup LBO · $820M · 4.10xGenoptix Oncology Diagnostics Carve-Out · $470M · 2.00xCornerstone OnDemand / Healtheon Telehea · $320M · 1.80xBrightSpring Health Services Home & Comm · $1320M · 2.60xIntegrated Oncology Network Add-On · $155M · 3.30xComfort Systems / Rotech Healthcare DME · $385M · 0.80xAspirion Health RCM Distressed Debt-to-E · $190M · 4.40xTeamHealth Physician Staffing Take-Priva · $6100M · 1.10xCarepathRx Specialty Pharmacy Joint Vent · $275M · 3.00xLifepoint Health LTACH / Rehabilitation · $5600M · 2.20xWomen's Care Enterprises OB/GYN Rollup · $95M · 5.10xKindred Healthcare / TPG + Humana LBO · $4100M · 2.60xBehavioral Health Group / Frontenac add- · $85M · 3.40xOne Medical / Agilon Primary Care Platfo · $2700M · 3.20xEnvision Healthcare / KKR bankruptcy exi · $1000M · 0.10xNational Mentor / Centerbridge LBO · $1400M · 2.80xUS Renal Care / Summit Partners LBO · $1100M · 3.00xTridentCare / Gridiron Capital LBO · $475M · 3.50xAlignment Healthcare / General Atlantic · $750M · 3.80xLifeStance Health / TPG growth equity + · $7000M · 1.50xCano Health / InTandem Capital SPAC + Hu · $4400M · 0.10xUS Acute Care Solutions / Welsh Carson L · $2200M · 2.30xApria Healthcare / Blackstone take-priva · $1000M · 3.30xDental Care Alliance / Harvest Partners · $520M · 3.10xMatrix Medical Network / Frazier Healthc · $625M · 4.00xSignify Health / New Mountain Capital LB · $500M · 5.50xAmerican Vision Partners / Arizona Eye C · $140M · 4.20xAccordantHealth / Humana spinout (Evolen · $200M · 6.00xSteward Health Care / Cerberus Capital L · $895M · 0.40xPhyAmerica Physician Group / Merit Healt · $280M · 2.80xSurgical Care Affiliates / United Surgic · $2300M · 3.80xGreenway Health / Vista Equity take-priv · $1800M · 2.30xInfuSystem / ABRY Partners LBO · $320M · 2.60xInterim HealthCare / Caring Brands Inter · $210M · 2.40xEnvision Physician Services / AmSurg / A · $15500M · 0.50xNetsmart Technologies / GI Partners LBO · $950M · 3.20xIntelliSource / Cotiviti merger (Connect · $2000M · 4.80xNational Imaging Associates / Magellan H · $620M · 2.20xSmile Direct Club / Clayton Dubilier & R · $3200M · 0.05xCarecore National / AIM Specialty Health · $2400M · 5.00xGentiva Health Services / Kindred at Hom · $1800M · 2.50xAmerican Renal Associates / Centerbridge · $460M · 2.20xUS Physical Therapy / Kelso & Company ad · $700M · 1.60xAcadia Healthcare / Waud Capital LBO · $620M · 8.20xModivCare (Providence Service) / Coliseu · $750M · 2.80xLifespace Communities / Ryan Companies s · $850M · 2.10xLabCorp / Covance CRO integration · $6100M · 2.80xDaVita Medical Group / Optum carve-out ( · $4900M · 3.50xMedQuist / Nuance Communications health · $360M · 2.50xBright Health / New Enterprise Associate · $500M · 0.10xCONMED Corporation / Gyrus Medical acqui · $740M · 2.60xPrecision Medicine Group / Warburg Pincu · $450M · 3.80xEXL Health / Outsourced RCM division gro · $800M · 3.20xAdvanced ICU Care / WindRose Health Inve · $200M · 4.10xUnited Behavioral Health / Optum BH carv · $4800M · 3.10xArdent Health Services / Equity Group In · $2000M · 2.20xSound Physicians / Summit Partners LBO · $2200M · 3.00xQuartet Health / Oak HC/FT growth equity · $300M · 1.20xPivot Health / Deerfield acquisition + p · $180M · 2.00xNational Health Investors / Senior Care · $250M · 1.80xGlobal Indemnity Group / specialty healt · $540M · 2.20xMednax / NP Pediatrics physician group r · $1500M · 1.50xVitas Healthcare / Chemed Corporation ac · $410M · 5.80xProspect Medical Holdings / Leonard Gree · $363M · 0.80xCareMore Health / Anthem acquisition · $800M · 4.00xCrossroads Hospice / LHC Group acquisiti · $250M · 3.20xSurgical Directions / Waud Capital LBO · $200M · 3.80xStaywell Health / Carient / Population h · $170M · 2.80xHeritage Healthcare / ABRY Partners add- · $320M · 2.50xPhysicians Endoscopy / Blue Wolf Capital · $150M · 3.50xNational Western Life / Aon Hewitt benef · $280M · 2.10xTeamHealth / IPC Healthcare merger (pre- · $6100M · 1.10xOmada Health / Andreessen Horowitz growt · $700M · 2.50xAltus Healthcare + Rehab / Revelstoke Ca · $180M · 2.80xInCompass Health / Elevation Oncology me · $380M · 3.60xLHC Group / Almost Family merger · $1520M · 3.00xHanger Prosthetics / Rehabilitation Cent · $1700M · 2.10xAcuity Brands Healthcare / Industrial li · $800M · 2.30xWellCare / Centene merger (second deal) · $17300M · 3.20xEmergency Communications Network / TriZe · $2700M · 4.50xHAH / Home at Home pediatric nursing (Pe · $75M · 4.00xBioSig Technologies / cardiac electrophy · $200M · 0.40xTivity Health / Donaldson Lufkin Jenrett · $660M · 2.50xSurgical Care Affiliates (SCA) / Frist & · $1050M · 3.80xMossrehab / Moss Rehab IRF Network expan · $320M · 2.10xNant Health / Patrick Soon-Shiong growth · $2600M · 0.30xIASIS Healthcare / TPG Capital LBO · $1400M · 2.50xCASI Pharmaceuticals / Chinese market sp · $120M · 0.70xBioTelemetry / Philips Healthcare acquis · $2800M · 5.50xAcadia Healthcare Florida/Tennessee BH h · $680M · 3.00xNavicent Health / Atrium Health merger · $1200M · 2.00xCapio AB / Ramsay Health Care acquisitio · $4350M · 2.80xIPC Systems / CareMore merger (telehealt · $1100M · 2.00xCuro Health Services / FC/Patriot Capita · $320M · 3.40xCHC Healthcare / CareFlight Air Medical · $2800M · 1.80xNovaBay Pharmaceuticals / Wound care spi · $85M · 0.40xFresenius Kabi / NxStage Medical acquisi · $2000M · 3.80xNexus Health Systems / RehabCare Group a · $220M · 2.40xHealtheon / WebMD Health merger (origina · $7500M · 0.50xAmSurg / AMSURG + Envision Premerger phy · $2350M · 2.80xModivCare / Providence Service add-on (p · $575M · 1.90xEncompass Health / HealthSouth IRF spin · $6000M · 2.50xLifePoint Health / RCCH merge + Province · $5600M · 2.50xMolina Healthcare / Joseph Molina family · $5200M · 4.50xDermatology Associates / Harvest Partner · $350M · 3.80xR1 RCM / TowerBrook + Ascension health s · $1200M · 5.00xVeritas Medical / Amsurg cardiology add- · $425M · 3.20xNational Staffing Group / healthcare sta · $150M · 4.50xMEDNAX / Sheridan Anesthesiology merger · $2200M · 1.40xAnkura Consulting / FTI Health group car · $340M · 2.80xCommunity Health Systems / Quorum Health · $1200M · 0.30xMedBridge / TA Associates physical thera · $180M · 4.20xPharMerica / BrightSpring merger (KKR + · $3200M · 2.80xPediatric Home Service / Stellus Capital · $90M · 3.30xAmedisys / LHC Group strategic position · $2200M · 3.50xUS Dermatology Partners / BBH (Brockton) · $190M · 4.00xEnvision Healthcare — KKR Take-Private ( · $9900M · 0.10xKindred at Home — Humana Majority Buyout · $4000M · 2.40xCareMore Health — Anthem Strategic Acqui · $800M · 3.50xAspen Dental — Leonard Green & Partners · $900M · 4.20xEmergency Medical Services (EMSC) — Onex · $2900M · 3.10xHealogics — Waud Capital Buyout · $310M · 3.80xBrightSpring Health Services — KKR Take- · $1200M · 2.80xSmile Brands — OMERS / Gryphon Investors · $550M · 2.20xZotec Partners — Court Square Capital Bu · $370M · 3.50xApria Healthcare — Blackstone Take-Priva · $1600M · 2.10xArdent Health Services — Equity Group In · $1000M · 3.50xSurgery Partners — H.I.G. Capital Buyout · $760M · 2.20xPharMerica — KKR Acquisition (from Brigh · $1400M · 3.00xWebMD Health — Internet Brands / KKR Tak · $2800M · 3.50xAmerican Renal Associates — Centerbridge · $775M · 2.00xGreenway Health — Vista Equity Buyout · $1700M · 2.50xNational Mentor — Centerbridge / Vistria · $1600M · 3.20xAcute Care / TeamHealth — Blackstone Rec · $6100M · 1.40xViad Medical Centers — Warburg Pincus In · $480M · 3.60xUS Oncology — McKesson Strategic Acquisi · $2160M · 3.20xLandmark Health — Optum Acquisition · $3000M · 4.50xExamWorks — Leonard Green & Partners LBO · $2200M · 2.80xConcentra — Select Medical / Humana JV · $1055M · 2.50xGastro Health — Audax Private Equity Buy · $270M · 4.50xAlignment Healthcare — General Atlantic · $1200M · 3.00xTeamHealth — Blackstone Exit via Sponsor · $5500M · 1.20xOption Care Health — HC Group Holdings / · $1500M · 3.00xCovenant Physician Partners — Ares Manag · $650M · 3.50xOrtho Clinical Diagnostics — Carlyle LBO · $4150M · 2.00xEyeCare Partners — FFL Partners Buyout · $490M · 3.80xSummit Pacific Medical Center — Rural Ho · $85M · 0.60xModivCare (Providence Service) — HCBS Pl · $1100M · 2.50xAFC Urgent Care — Warburg Pincus Investm · $450M · 3.50xAmerican Family Care — Deerfield Managem · $540M · 3.00xATI Physical Therapy — Advent Internatio · $1000M · 0.40xSelect Physical Therapy — Welsh Carson L · $900M · 2.50xRadNet — Significant Acquisition / Growt · $1800M · 2.80xShields Health Solutions — Oak HC/FT Buy · $320M · 5.00xMedExpress Urgent Care — Optum Acquisiti · $1300M · 4.00xComprehensive Pain Management — Acadia / · $275M · 3.20xPacific Dental Services — NMS Capital Ta · $340M · 4.50xCastle Biosciences — Dermatology Diagnos · $120M · 5.00xSurgical Notes — Providence Equity Buyou · $230M · 4.00xPremise Health — Warburg Pincus Growth E · $350M · 5.50xViant Medical / Integer Holdings — Medic · $850M · 2.20xCuration Health (formerly Medicomp) — TA · $180M · 4.50xInVentiv Health — Thomas H. Lee Buyout · $4200M · 2.00xSound Physicians — Fresenius Medical Car · $2000M · 3.50xRadiation Therapy Inc (21st Oncology) — · $580M · 2.80xVeracyte — TPG Investment / IPO · $300M · 4.50xInfuCare Rx — Frazier Healthcare Buyout · $145M · 4.80xCotiviti — Veritas Capital LBO · $1700M · 3.50xBeacon Health Options — FCP Euro / Anthe · $1150M · 2.50xAkumin — Imaging Tech LBO · $650M · 0.60xCHA Health Systems — Korean PE Acquisiti · $1200M · 2.50xMultiplan — Hellman & Friedman LBO · $4400M · 1.70xNetsmart Technologies — GI Partners LBO · $960M · 3.20xAccolade Health — Cigna Investment / IPO · $350M · 3.00xHealthMarket / eHealth — Insurance Distr · $1000M · 2.20xAzul Senior Care — WCAS SNF Platform · $480M · 2.50xEnclara Pharmacia — Bankers Life LBO · $180M · 3.80xCentral Logic / Appriss Health — Roper T · $1400M · 3.00xTivity Health (Healthways) — Kelso & Com · $700M · 1.50xTeladoc Health — Blackstone / HHBF Acqui · $18500M · 0.20xAmerican Addiction Centers — BlackRock / · $700M · 0.40xRecovery Centers of America — Healthcare · $550M · 2.80xOak Street Health — General Atlantic / A · $2700M · 2.80xIora Health — Humana Acquisition · $1500M · 3.00xCompassus — Warburg Pincus Majority Inve · $1100M · 3.20xNovaBay / Wellvibe — Wound Care Rx · $180M · 3.50xSCA Health (Surgical Care Affiliates) — · $2300M · 3.80xUS Dermatology Partners — BBAI / KKR Pla · $2200M · 2.80xDocuSystems / Nuvolo — HCIT CMMS Platfor · $300M · 4.00xIntelliSource Health — Frazier Healthcar · $115M · 5.00xAveanna Healthcare — Bain Capital LBO · $1300M · 1.50xNational Emergency Medical Services Auth · $2400M · 2.00xForward — SoftBank / Founders Fund · $800M · 0.00xPrivia Health — Goldman Sachs / Vestar C · $3200M · 3.50xWalmart Health — Walmart (Strategic) Shu · $2500M · 0.00xHims & Hers Health — Oaktree / Clients · $1600M · 1.50xAcuitas Health — Symphony Health / IQVia · $210M · 3.00xTrean Corporation — Insurance Specialty · $600M · 2.50xnaviHealth — Optum Acquisition · $2500M · 3.20xCovenant Physician Partners / Quad-C · $450M · 4.20xComprehensive Pharmacy Services / OMERS · $520M · 3.10xVillageMD / Walgreens Health · $5200M · 0.30xBrightSpring Health Services / KKR · $3200M · 1.80xArcadian Management Services / Nautic Pa · $320M · 3.80xModivCare / WCG (exit via public markets · $400M · 3.50xNational Spine & Pain Centers / Waud Cap · $680M · 3.40xAlerisLife / ABP Acquisition · $100M · 0.80xCano Health / SPAC / Chapter 11 · $4400M · 0.05xQuartet Health / Oak HC/FT · $220M · 2.00xLifeScan / Platinum Equity · $2100M · 0.90xnThrive RCM / Clearlake Capital · $700M · 2.80xWaystar / EQT Partners · $2700M · 3.80xShields Health Solutions / Summit Partne · $600M · 5.00xThe Oncology Institute / Advent Internat · $1800M · 0.30xInnovAge Holding / Welsh Carson (PACE pl · $850M · 3.80xOrthoAmerica Spine / Clearfield Capital · $320M · 3.20xApria Healthcare / Blackstone → Owens & · $2200M · 2.50xAlignment Healthcare / Warburg Pincus → · $4500M · 1.20xAgiliti / Thomas H. Lee Partners · $1450M · 2.90xKindred Healthcare / TPG + Welsh Carson · $4100M · 2.20xAcadia Healthcare – Warburg Pincus Platf · $580M · 3.10xGreenbrook TMS – Mental Health Roll-Up ( · $110M · 0.40xSurgery Partners – New Mountain Capital · $760M · 3.80xNovaBay Pharmaceuticals – THL Partners R · $90M · 2.20xHealthChannels / ScribeAmerica – Warburg · $420M · 3.30xUS Anesthesia Partners – Berkshire Partn · $950M · 2.80xPediatric Associates – KKR Platform · $820M · 2.60xCaremax – Deerfield / SPAC Distressed · $420M · 0.10xNavvis & Company – Health System Consult · $75M · 2.90xCovenant Physician Partners – Warburg Pi · $650M · 3.20xAmerican Physician Partners – Distressed · $350M · 0.60xPhreesia – PSG / SaaS Healthcare · $300M · 4.80xCommunity Health Systems Carve-Out – Oak · $1200M · 1.80xPremise Health / National Wellness – Inv · $1350M · 2.40xHims & Hers – Oaktree / Pre-SPAC · $165M · 3.60xAspen Dental – Ontario Teachers / Leonar · $2200M · 3.10xSmile Brands – Berkshire Partners recapi · $900M · 2.50xSchweiger Dermatology – InTandem Capital · $380M · 3.40xU.S. Dermatology Partners – ABRY Partner · $520M · 2.90xAcuity Eye Group – Varsity Healthcare Pa · $290M · 3.80xEye Health America – Quad-C Management L · $200M · 3.00xForefront Dermatology – Wind Point Partn · $260M · 3.50xPediatrix Medical Group – CCMP Capital · $2900M · 2.20xWomen's Health USA – Frazier Healthcare · $320M · 3.20xUnified Women's Healthcare – Welsh Carso · $780M · 3.00xOrthoConnecticut – Revelstoke Capital · $250M · 3.50xOrthoSouth – Alaris Capital Partners · $180M · 2.80xSelect Medical – Welsh Carson recapitali · $2100M · 2.80xIntegraMed Fertility – Lee Equity Partne · $200M · 3.60xUS Fertility – Amulet Capital Partners p · $550M · 3.20xCRH Medical – Ares Management take-priva · $830M · 2.60xGastro Health – KKR add-on platform · $1100M · 2.90xSmile Direct Club – Camelot Venture Grou · $45M · 8.50xRadiology Partners – New Enterprise Asso · $120M · 5.20xNational Spine & Pain Centers – Blue Wol · $240M · 2.70xEV (log scale)MOIC
x-axis log-scale · Green ≥3.0× · Blue ≥2.0× · Amber ≥1.5× · Red <1.5× · Hover for deal
EV Distribution Histogram
$0M$50M8$100M26$200M58$400M67$750M80$1B92$5B33
Gray <$100M · Blue $100–300M · Amber $300M–$1B · Red >$1B
P25/P50/P75 MOIC by enterprise value range
Performance by Deal Size Bucket
Bucket EV Range Deals Avg EV P25 MOIC P50 MOIC P75 MOIC P50 IRR Avg Hold Loss %
Small $0M–$100M 9 $81M 2.20x 3.30x 4.00x 31.5% 4.1y 22.2%
Mid $100M–$300M 54 $195M 2.40x 3.40x 4.17x 31.0% 4.2y 14.8%
Large $300M–$1B+ 133 $582M 2.20x 2.90x 3.50x 26.0% 4.6y 11.3%
Mega $1B–— 169 $3658M 1.50x 2.50x 3.20x 20.0% 4.8y 17.2%
★ = highest P50 MOIC bucket · Loss = MOIC <1.0 · ρ(size,MOIC)=-0.27