The S&P Healthcare Services Index increased 6.3% over the last month, outperforming the S&P 500, which increased 3.0% over the same period. Over the past month, the best performing sectors were Consumer Directed Health/Wellness (up 17.0%), Government Managed Care (up 15.8%) and HCIT (up 13.0%). The poorest performing sectors were Specialty Managed Care (down 9.1%), Hospital Vendors (down 6.5%) and Healthcare Staffing (down 4.9%). The current average LTM revenue and LTM EBITDA multiples for the Healthcare Services industry overall are 2.42x and 15.4x, respectively.
The sectors with the highest valuation multiples include:
Consumer Directed Health/Wellness (5.97x LTM Revenue, 31.7x LTM EBITDA)
HCIT (5.22x LTM Revenue, 30.2x LTM EBITDA)
Hospital Vendors (1.79x LTM Revenue, 24.6x LTM EBITDA)
Contract Research Orgs (3.48x LTM Revenue, 18.7x LTM EBITDA)
Read the report for more detail on sector activity.