Acquisition of Lumenos at 4X Revenues Underscores Strength of Consumer-Directed Healthcare Sector

OAK BROOK, Ill., May 10 /PRNewswire/ — Last week’s announcement by WellPoint, Inc., that it would acquire Arlington, VA-based Lumenos for a sum equal to four-times revenues was hailed today as yet another sign of rapidly growing strength in the consumer-directed healthcare (CDH) sector and demand for its products.Scott Spiker, CEO of Destiny Health, noted that in terms of its revenues multiple, Lumenos’ $185 million price tag was even higher than what UnitedHealth Group recently paid to acquire Minneapolis-based Definity Health.”This marketplace activity reflects an industry in transition,” said Spiker…..

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