Can somebody clarify this. To me the multiples paid seem a little bit higher than they say...
So if look at podiatry and take the 77.8% equity stake that HLA has in the company and we look 77.8% ownership of the EBITDA then we get...
Podiatry (1,026*0.778=$798k)
That makes the multiple paid (assuming earnout is paid):
Podiatry (3785+200)/798 = 4.99x
Or does HLA actually require payment for clinic class shares from the vendor? i.e. they will have the right to repurchase those shares off the vendor when/if they leave?
HLA Price at posting:
92.5¢ Sentiment: None Disclosure: Held