The S&P Healthcare Services Index decreased by 0.6% over the last month, compared to the S&P 500 Index, which increased 2.9% over the same period.

Over the past month:

  • The sectors that experienced the most growth were Healthcare Staffing (up 15.5%), Specialty Managed Care (up 10.7%) and HCIT (up 9.5%).

  • The sectors that experienced the largest decline were Behavioral Health (down 18.0%), Consumer Directed Health/Wellness (down 12.9%) and Providers – Other (down 11.1%).

  • The current average Last Twelve Months (LTM) revenue and LTM EBITDA multiples for the healthcare services industry overall are 3.63x and 15.2x, respectively.

 

Healthcare Services Sector Update – August 2021

The sectors with the highest valuation multiples include:

  • Contract Research Organizations (4.96x LTM revenue, 27.1x LTM EBITDA)

  • Assisted/Independent Living (2.05x LTM revenue, 24.0x LTM EBITDA)

  • HCIT (4.82x LTM revenue, 23.7x LTM EBITDA)

  • Behavioral Health (0.46x LTM revenue, 22.5x LTM EBITDA)

Healthcare Services Sector Update – August 2021 /en/insights/publications/m-and-a/healthcare-services-sector-update-august-2021 /-/media/assets/images/publications/featured-images/2020/healthcare-services-sector-november-2020.jpg 2021-09-27T00:00:00.0000000 publication {1F8452CE-BB02-4541-A705-86D25933687E}{1F5D2680-A14B-41D2-A192-8ED5649E936E}{22071366-6F45-4C04-8261-CDFA24749510}{A60877A4-2248-456C-B8DE-728B8C4124FC}{CA601B88-1E91-4803-A6A4-ECC35D220DCC}{170088C8-830B-4C38-BC1D-E375A677EEDC} {2BF96B38-05C8-4166-9F18-E9107C8FC5E0} {2DEEE4D2-8278-4C50-B3FF-1563BB257804}

Stay Ahead with Kroll

Corporate Finance and Restructuring

Comprehensive investment banking, corporate finance, restructuring and insolvency services to investors, asset managers, companies and lenders.

Healthcare M&A

Healthcare expertise for middle-market M&A transactions.

M&A Advisory

Kroll Corporate Finance supports companies and their advisors through every stage of M&A.

Transaction Advisory Services

Kroll’s Transaction Advisory Services platform offers corporate and financial investors with deep accounting and technical expertise, commercial knowledge, industry insight and seamless analytical services throughout the deal continuum.

Fairness and Solvency Opinions

Duff & Phelps Opinions is a global leader in Fairness Opinions and Special Committee Advisory, ranking #1 for total number of U.S. and global fairness opinions over the past 10 years, according to Refinitiv cumulative data from 2011-2020.

Private Capital Markets – Debt Advisory

Kroll has extensive experience raising capital for middle-market companies to support a wide range of transactions.