mynth
05/2025

SOFTWAY MEDICAL acquired by BAIN CAPITAL

FRANCE Software / Industry-Specific Software / Healthcare EV 1b - 4b EUR

Context

Bain Capital acquired a majority stake in Softway Medical from Five Arrows and Naxicap Partners, valuing the group at an Enterprise Value (EV) above EUR1.0 billion. This landmark transaction marks a major transition for the French software publisher, aiming to transform a national leader into a pan-European champion. The historical shareholders, Five Arrows and Naxicap, reinvested significantly alongside the management team.

SOFTWAY MEDICAL, which reported an EBITDA margin of in 2024, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the TMT (Tech, Media, Telecom) sector (14.5x).

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Target

Founded in 1999, Softway Medical is the French leader in cloud-native software solutions for healthcare institutions. The group acts as a publisher, host (HDS certified), and integrator, offering a comprehensive suite of digital tools including Electronic Health Records (EHR) for hospitals, Radiology Information Systems (RIS/PACS), and Laboratory Information Systems (LIS). Its flagship e-Novation platform serves over 1,300 hospitals and clinics (representing a 40% market share in France), 1,300 imaging centers, and 400 laboratories.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2024
2023

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REFERENCES

Valuation range: EV 1b - 4b EUR

Revenue range: 100M - 200M EUR

EBITDA 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 SOFTWAY MEDICAL by BAIN CAPITAL 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.

Target: softway medical

Acquirer: bain capital