M&A
confidence high
sentiment positive
materiality 0.80
Health Catalyst acquires Upfront Healthcare for ~$86M net; reports preliminary Q4 & FY2024 results and 2025 guidance
Health Catalyst, Inc.
- Upfront acquisition: ~$86M net consideration (cash + ~5.75M shares) plus up to ~$33.4M earn-out; expected Q1 2025 close.
- Preliminary Q4 2024 revenue $78.75-79.75M (+6% YoY), Adj. EBITDA $7.9M (10% margin).
- Full-year 2024 revenue $305.7-306.7M (+3%), Adj. EBITDA $26.1M (+137%, 9% margin).
- 2025 guidance: revenue ~$335M (+10%), Adj. EBITDA ~$39M (+49%, 12% margin).
- Net new platform clients 21 in 2024 (+91%); 2025 target ~40 (+90%).