At what enterprise value was HEALTH IN CODE (HIC) acquired in 2026?

You can find the full valuation details of HEALTH IN CODE (HIC) on mynth capital. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the Healthcare & Pharma industry currently tracks an average EBITDA multiple of 15.6x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of HEALTH IN CODE (HIC) when it was acquired by MERIEUX EQUITY PARTNERS?

The exact EV/EBITDA multiple for HEALTH IN CODE (HIC) is available on mynth capital. For comparison, the Healthcare & Pharma sector currently shows an average EBITDA multiple of 15.6x. Join our community for free to access full valuation data and industry trends.

When was HEALTH IN CODE (HIC) acquired by MERIEUX EQUITY PARTNERS?

HEALTH IN CODE (HIC) was acquired by MERIEUX EQUITY PARTNERS in 2026.

What was the revenue of HEALTH IN CODE (HIC) at the time of the deal?

The revenue of HEALTH IN CODE (HIC) at the time of the deal is estimated to be in the range of 50M - 100M EUR. Register for free to access the full transaction report and exact valuation multiples.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the HEALTH IN CODE (HIC) acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the HEALTH IN CODE (HIC) deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://merieux-partners.com/wp-content/uploads/2026/02/20260212-PR-Health-in-Code_MxEP-English-Final.pdf

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Home Database Healthcare & PharmaHEALTH IN CODE (HIC)

02/2026

HEALTH IN CODE (HIC) acquired by MERIEUX EQUITY PARTNERS

SPAIN Health Providers / Healthcare Facilities / Labs (Biology) REV 50M - 100M EUR

Context

Merieux Equity Partners acquired a significant minority stake in Health in Code, joining forces with Alantra and the management team. The transaction aims to provide the capital and industrial expertise needed to double the company's size, with a goal of reaching EUR100 million in revenue within five years. The strategic rationale focuses on aggressive international expansion into key European markets, enhancing the bioinformatics software suite, and pursuing selective M&A to consolidate the fragmented European genetics market.

HEALTH IN CODE (HIC), which reported an EBITDA margin of in 2025, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the Healthcare & Pharma sector (15.6x).

-> Deep-dive in Healthcare & Pharma market trends

Target

Founded in 2020 through the high-profile merger of Health in Code, Imegen, Genycell Biotech, and later Genologica, the target is Spain s leading integrated clinical genetics platform. It provides end-to-end genetic testing services, leveraging Next-Generation Sequencing (NGS), proprietary diagnostic panels, and advanced bioinformatics software. A key part of its business model is the "Rental Reagent Program," a partnership-led system providing equipment and consumables to public hospitals. The company employs approximately 200 specialists and operates in over 30 countries.

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REFERENCES

Revenue range: 50M - 100M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of HEALTH IN CODE (HIC) by MERIEUX EQUITY PARTNERS are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Press release: view release

Acquirer: merieux equity partners