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    Exit Multiple

    Valuation ratio applied at exit, e.g., enterprise value to revenue.

    Reviewed by Christian Espinosa, Founder, Blue Goat CyberLast reviewed May 5, 2026

    Definition

    Exit multiples are valuation ratios - most commonly EV/Revenue or EV/EBITDA - used to value a MedTech company at acquisition or IPO. Recent comparable transactions and public MedTech trading multiples set the benchmark.

    What this means in practice

    Strategic MedTech acquirers have historically paid 4–8x revenue for growth-stage devices, with high-growth, platform, or first-in-category assets commanding premiums. Multiples compress in higher-rate environments.

    Primary references

    3 sources
    Link health: 2 verified 1 bot-blocked· last checked 2026-05-09
    PitchBook·1NVCA·1SVB·1
    1. 1
      PitchBook MedTech reports
      Bot-blocked
      PitchBookpitchbook.com
    2. 2
      NVCA Model Documents
      Verified
      NVCAnvca.org
    3. 3
      Silicon Valley Bank - Healthcare Reports
      Verified
      SVBsvb.com

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