Roper Technologies (ROP) to acquire Procare Solutions

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Go back to Roper Technologies (ROP) to acquire Procare Solutions

Roper Technologies to acquire Procare Solutions

January 25, 2024 8:30 AM EST

Leading provider of software for early childhood education centers

SARASOTA, Fla., Jan. 25, 2024 (GLOBE NEWSWIRE) -- Roper Technologies, Inc. (Nasdaq: ROP) today announced that it has reached a definitive agreement to acquire Procare Solutions for a net purchase price of approximately $1.75 billion, including a $110 million tax benefit resulting from the transaction. The net purchase price represents approximately 18 times Procares estimated EBITDA for the twelve months ending March 31, 2025.

Procare is a leading provider of cloud-based software for the management of early childhood education centers. Procares... More