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:
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The sectors that experienced the most growth were Healthcare Staffing (up 15.5%), Specialty Managed Care (up 10.7%) and HCIT (up 9.5%).
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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%).
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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.
The sectors with the highest valuation multiples include:
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Contract Research Organizations (4.96x LTM revenue, 27.1x LTM EBITDA)
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Assisted/Independent Living (2.05x LTM revenue, 24.0x LTM EBITDA)
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HCIT (4.82x LTM revenue, 23.7x LTM EBITDA)
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Behavioral Health (0.46x LTM revenue, 22.5x LTM EBITDA)
