Bain Capital-backed HST Pathways is in the second round of a sale process with William Blair advising, according to three sources familiar with the situation. Initial bids were recently collected for the Nashville, Tennessee-based company, two of the sources said. HST, which provides software solutions for the ambulatory surgery industry (ASC), generates around USD 100m in revenue, the sources said. The seller is targeting a USD 1bn valuation for the asset, one of the sources said, while another source said that bids needed to come in at an 8x EBITDA multiple or more for parties to be invited to the second round.
Read the full article: Bain-Backed HST Pathways in Second Round of Sale with William Blair //
Source: https://ionanalytics.com/insights/mergermarket/bain-backed-hst-pathways-in-second-round-of-sale-with-william-blair/