The S&P Healthcare Services Index decreased by 6.7% over the last month, compared to the S&P 500 Index, which decreased 4.8% over the same period.

Over the past month:

  • The sectors that experienced the most growth were Healthcare Staffing (up 3.3%), Care Management/TPA (up 3.3%) and consumer directed health/wellness (up 2.1%).
  • The sectors that experienced the largest decline were Providers – Other (down 21.0%), Telemedicine (down 12.9%) and Home Health/Hospice (down 10.5%).
  • The current average Last Twelve Months (LTM) revenue and LTM EBITDA multiples for the healthcare services industry overall are 3.43x and 14.9x, respectively.
Healthcare Services Sector Update – Autumn 2021 

The sectors with the highest valuation multiples include:

  • Contract Research Organizations (4.81x LTM revenue, 26.4x LTM EBITDA)
  • HCIT (3.98x LTM revenue, 23.8x LTM EBITDA)
  • Assisted/Independent Living (2.01x LTM revenue, 23.5x LTM EBITDA)
  • Behavioral Health (0.46x LTM revenue, 22.3x LTM EBITDA)

Stay Ahead with Kroll

Healthcare Investment Banking

Healthcare Investment Banking

Healthcare expertise for middle-market M&A transactions.

Mergers and Acquisitions (M&A) Advisory

Mergers and Acquisitions (M&A) Advisory

Kroll’s investment banking practice has extensive experience in M&A deal strategy and structuring, capital raising, transaction advisory services and financial sponsor coverage.

Transaction Advisory Services

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

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 2013-2022.

Private Capital Markets – Debt Advisory

Private Capital Markets – Debt Advisory

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

Return to top