The End Game
The End Game: Laboratory Insiders on Your Side is a podcast by senior lab executives for senior lab executives. This podcast shares valuable industry knowledge, tips, and strategies that when applied and properly executed will help lab executives succeed, thrive, and ultimately become better prepared for their own End Game.
The End Game
Differences Between an Asset and Stock Transaction
In this episode, Melissa Butterworth discusses the differences between asset and stock transactions in lab M&A deals and how they can affect valuation. She also explains the two types of buyers in the market: strategic buyers and non-strategic buyers. Strategic buyers are more likely to pay maximum value for a lab due to the synergies they can recognize between their entity and the one being sold. On the other hand, non-strategic buyers may pay based on a standard multiplier of adjusted EBITDA. Melissa emphasizes the importance of a competitive process in negotiating the price and achieving maximum valuation.