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New Deal


Announced

Completed

ModivCare completed the acquisition of VRI Intermediate for $315m.

Financials

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Transaction Value£226m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales5.6x
EV/EBITDA15x
Share Price Premium-
One Off Charge-

Tags

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Medical Services

Private

Single Bidder

Acquisition

Friendly

United States

remote patient monitoring

Domestic

Majority

Completed

Synopsis

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ModivCare, a social services corporation, completed the acquisition of VRI Intermediate, a holding company, that through its subsidiaries, provides healthcare and pharmaceutical services, for $315m. “The acquisition of VRI brings us a national remote patient monitoring and medication management platform, accelerating our strategy to build a holistic suite of supportive care solutions designed to address the social determinants of health, deliver better care in the home, enhance patient lives and reduce healthcare costs,” Daniel Greenleaf, ModivCare President and CEO.

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