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04/2026100%

Trubridge acquired by Iks Health

UNITED STATES Software / Industry-Specific Software / Healthcare EV $500M–1.5bn

Context

IKS Health has entered into a definitive agreement to acquire 100% of the equity of TruBridge Inc. through its U.S. arm. The acquisition is a strategic move to create a comprehensive "system of record plus system of action" platform. The strategic rationale is driven by the desire to diversify the acquirer's portfolio into sticky, recurring SaaS-based Electronic Health Record (EHR) segments while deepening its penetration into the rural and community hospital market. By integrating TruBridge’s established EHR backbone with IKS Health’s proprietary AI-driven clinical enablement tools, the combined entity aims to solve complex operational challenges for healthcare organizations. This transaction follows the acquirer's successful playbook of acquiring documentation services and RCM providers, marking its first move into proprietary EHR assets. The deal will facilitate significant cross-selling opportunities, allowing the acquirer to deploy its suite of care-enablement software into the target's extensive installed base of community hospital clients, thereby cementing a more defensible market position within the U.S. healthcare technology landscape.

Trubridge, which reported an EBITDA margin of [members only] in 2025, is valued in this transaction at an EV/EBITDA multiple of 5x–12x, representing a discount to the average currently observed in the TMT (Tech, Media, Telecom) sector (14.6x in 2026).

-> Deep-dive in TMT (Tech, Media, Telecom) market trends

Target

TruBridge provides integrated clinical and financial technology solutions, specializing in Electronic Health Records (EHR) and Revenue Cycle Management (RCM). Its business model focuses on equipping community and rural hospitals with robust software backbones to manage clinical data and financial workflows. The value proposition centers on delivering a "system of record" that simplifies the operational complexities inherent in smaller healthcare organizations, ensuring regulatory compliance and efficient patient data handling. By facilitating the transition to digital clinical records, the firm acts as a vital partner for providers aiming to improve patient outcomes while managing financial performance. The firm's strategy is to integrate clinical documentation with financial processing, providing a unified platform that supports the long-term sustainability of community healthcare providers in an increasingly complex regulatory and reimbursement environment.

Ent. Value

$500M–1.5bn

Equity Value

[members only]

Multiples

EV / Revenue

1x–3x

EV / EBITDA

5x–12x

EV / EBIT

[members only]

Historical Financials (USD)

Year
Rev
EBITDA
EBIT
2025
$250–500M
$50–100M
[members only]
2024
$250–500M
$50–100M
[members only]

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REFERENCES

Valuation range: EV $500M–1.5bn

Revenue range: $250–500M

EBITDA range: $50–100M

EV/Revenue range: 1x - 3x

EV/EBITDA range: 5x - 12x

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of Trubridge by Iks Health 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: trubridge

Acquirer: iks health

FAQ

What transaction does this page cover?

This page covers Iks Health’s acquisition of 100% of Trubridge, an American company specialised in Industry-Specific Software, in 2026.

How was the acquisition of Trubridge by Iks Health valued, and what multiples were paid?

mynth displays the transaction’s enterprise value within the $500M–1.5bn band, its EV/EBITDA multiple within the 5x - 12x range, and its EV/revenue multiple within the 1x - 3x range. Exact figures are available to members.

What were Trubridge’s revenue and EBITDA at the time of the deal?

At the time of the transaction, Trubridge generated annual revenue estimated in the $250–500M range and EBITDA in the $50–100M bracket (FY 2025). Detailed financial figures are available to members.

How does the valuation of Trubridge compare to benchmarks in the TMT (Tech, Media, Telecom) sector?

The estimated multiple of 5x - 12x sits below the sector median of 14.6x recorded in 2026, indicating an attractive entry multiple for Iks Health or reflecting specific complexities. The descriptive comparison is based on 15 transactions with available EV/EBITDA multiples from differences in size, growth, profitability that may affect comparability.

What sources support the information on this transaction?

Transaction data and operational intelligence were compiled from independent financial press reporting by specialized M&A publications.

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