The S&P Healthcare Services Index decreased by 0.9% over the last month, compared to the S&P 500 Index, which exhibited no change over the same period.

Over the past month:

  • The sectors that experienced the largest increase were home medical equipment (up 38.3%), behavioral health (up 5.7%) and distribution (up 4.3%).
  • The sectors that experienced the largest decline were assisted/independent living (down 9.4%), care management/TPA (down 6.5%), and dialysis services (down 5.8%).

Healthcare Services Sector Update – Early Summer 2022

The sectors with the highest valuation multiples include:

  • Assisted/Independent Living (2.21x LTM revenue, 32.1x LTM EBITDA)
  • Consumer Directed Health/Wellness (4.41x LTM revenue, 27.1x LTM EBITDA)
  • HCIT (3.37x LTM revenue, 23.7x LTM EBITDA)
  • Hospital Vendors (1.43x LTM revenue, 20.5x LTM EBITDA)


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