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Stock Market & Financial Investment News

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February 4, 2014
07:50 EDTEXAMExamWorks acquires Gould & Lamb for $75M
ExamWorks Group announced the acquisition of Gould & Lamb. Gould & Lamb generated adjusted annual revenues and adjusted EBITDA for 2013 of approximately $27M and $9.5M, respectively. Under the terms of the agreement, the company agreed to pay $75M in cash at closing plus an earnout not to exceed $18M based on FY14 financial performance. ExamWorks financed the purchase price with proceeds from its senior revolving credit facility.
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