The S&P Healthcare Services index decreased by 1.5% over the last month, as compared to the S&P 500, which increased by 3.0% over the same period.
Over the past month, the best performing sectors were Consumer Directed Health / Wellness (up 12.2%), Skilled Nursing (up 12.1%) and Specialty Managed Care (up 10.6%). The sectors experiencing least growth were Pharmacy Management (down 32.5%), Healthcare Staffing (down 20.0%) and Assisted / Independent Living (down 16.4%).
The current average LTM revenue and LTM EBITDA multiples for the Healthcare Services industry overall are 2.25x and 14.7x respectively
The sectors with the highest valuation multiples include:
- HCIT (4.29x LTM Revenue, 33.3x LTM EBITDA)
- Consumer Directed Health / Wellness (4.88x LTM Revenue, 22.3x LTM EBITDA)
- Care Management / TPA (1.89x LTM Revenue, 20.1x LTM EBITDA)
- Hospital Vendors (1.67x LTM Revenue, 18.9x LTM EBITDA)
Read the report for more detail on sector activity.