The S&P Healthcare Services Index increased 2.8% over the last month, outperforming the S&P 500, which increased 0.5% over the same period. Over the past month, the best performing sectors were Assisted / Independent Living (up 10.8%), Specialty Managed Care (up 8.1%) and Hospital Vendors (up 7.1%). The poorest performing sectors were Healthcare Consulting (down 5.9%), Acute Care Hospitals (down 3.6%) and Distribution (down 3.4%). The current average LTM revenue and LTM EBITDA multiples for the Healthcare Services industry overall are 2.29x and 14.9x, respectively.
The sectors with the highest valuation multiples include:
- Consumer Directed Health/Wellness (5.35x LTM Revenue, 28.0x LTM EBITDA
- HCIT (4.61x LTM Revenue, 26.6x LTM EBITDA)
- Hospital Vendors (1.83x LTM Revenue, 19.8x LTM EBITDA
- Pharmacy Management (0.76x LTM Revenue, 19.8x LTM EBITDA)
Read the report for more detail on sector activity.