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Announced

Completed

Fifth Third Bancorp completed the acquisition of Provide.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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digital platform

Online and Social Platforms

Acquisition

Private

Friendly

Majority

Domestic

Completed

United States

Single Bidder

Synopsis

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Fifth Third Bancorp, a diversified financial services company, completed the acquisition of Provide, a digital platform for healthcare practices. Financial terms were not disclosed. "Provide enables us to deliver a client experience that allows healthcare providers to focus on what they do best—providing the care their patients need while we make their banking experience convenient and efficient,” Kala Gibson, Fifth Third Head of Business Banking.

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