mynth
← DATABASE
06/2012

ORKYN (EX LVL MEDICAL) acquired by AIR LIQUIDE

FRANCE Health Providers / Outpatient Care EV 300M - 700M EUR

Context

Air Liquide entered into exclusive negotiations to acquire a controlling block of 70.49% of LVL Médical's share capital from the Lavorel family concert and other controlling shareholders. Simultaneously, the Lavorel family repurchased LVL Médical's German subsidiary for €80 million, such that Air Liquide's acquisition perimeter is limited to the French activities only. The transaction is subject to clearance from the French competition authority. Air Liquide intends to maintain continuity in LVL Médical's management.

ORKYN (EX LVL MEDICAL), which reported an EBITDA margin of in 2011, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Healthcare & Pharma sector (15.3x).

-> Deep-dive in Healthcare & Pharma market trends

Target

Orkyn (ex LVL Medical) is a leading French home healthcare services provider, recognised as one of the historical and most established players in this segment in France. The company specialises in the management of chronic disease patients at home, providing medical equipment, respiratory therapy devices, and follow-up services on medical prescription. Its service offering covers key pathologies including chronic obstructive pulmonary disease (COPD), sleep apnoea, and diabetes — conditions that require long-term, recurring home-based medical monitoring and equipment. Orkyn had built a strong operational infrastructure across France, with a nationwide network enabling patient coverage in both urban and rural areas.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2011
2010

Similar deals in Health Providers

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
DateAcquirerTargetCountrySector
01/2015CERBA HEALTHCARENOVESCIAFRANCELabs (Biology)
10/2014WATERLANDMEDIAN KLINIKENGERMANYClinics / Hospitals
09/2014EURAZEOCOLISÉEFRANCENursing Homes
06/2014PAI PARTNERSDOMUSVIFRANCENursing Homes
03/2014EQT PARTNERSI-MED RADIOLOGY NETWORKAUSTRALIARadiology
07/2012MANAGEMENT & PRIVATE INVESTORSLVL MEDICAL GERMANYGERMANYOutpatient Care
12/2010SAGA GROUPNESTOR HEALTHCARE GROUPUNITED KINGDOMOutpatient Care
06/2010PAI PARTNERSCERBA HEALTHCAREFRANCELabs (Biology)
05/2010HG CAPITALFRÖSUNDASWEDENHealthcare Facilities
03/2010BRIDGEPOINTCARE UKUNITED KINGDOMNursing Homes

REFERENCES

Valuation range: EV 300M - 700M EUR

Revenue range: 100M - 200M EUR

EBITDA range: 25M - 50M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of ORKYN (EX LVL MEDICAL) by AIR LIQUIDE 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: air liquide