M&A MARKET UPDATE SEPTEMBER 2020 S.E. QUARTERLY REVIEW
Notable Trends in September 2020
For the month of September, deal count increased 13% after consecutive declines in July and August. However, deal activity was down 19% compared to September 2019. Capital invested decreased by 97% year-over-year but increased 83% compared to last month. Acquisitions of Crypsis and Ascyrus by Palo Alto and CryoLife, respectively, drove invested capital in September. The two deals comprised 71% of capital investment in the Southeast. Median deal size fell to $12 million, a significant decrease from $75 million in June 2019 and $22 million the previous month. The EV/EBITDA median multiple was 11.6x, a 5% decrease year-over-year.
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