The S&P Healthcare Services Index decreased by 15.3% over the last month, compared to the S&P 500 Index, which decreased 9.1% over the same period.

Over the past month:

  • No sectors experienced growth –the lowest decliners were Specialty Managed Care (down 0.2%), Commercial Managed Care (down 1.5%) and Product Distribution (down 2.0%).
  • The sectors that experienced the largest decline were Telemedicine (down 46.6%), Home Medical Equipment (down 20.8%), and Acute Care Hospitals (down 16.2%).
  • The current average Last Twelve Months (LTM) revenue and LTM EBITDA multiples for the healthcare services industry overall are 2.70x and 14.5x, respectively.

Healthcare Services Sector Update – Late Spring 2022

The sectors with the highest valuation multiples include:

  • Assisted/Independent Living (2.24x LTM revenue, 30.7x LTM EBITDA)
  • Consumer Directed Health/Wellness (4.04x LTM revenue, 27.5x LTM EBITDA)
  • Rehabilitation (2.75x LTM revenue, 22.0x LTM EBITDA)
  • HCIT (3.61x LTM revenue, 21.1x LTM EBITDA)

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

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

Duff & Phelps Opinions is a global leader in Fairness Opinions and Special Committee Advisory, ranking #1 for total number of fairness opinions in the U.S., EMEA (Europe, the Middle East and Africa), Australia and Globally in 2023 according to LSEG (FKA Refinitiv).

Private Capital Markets – Debt Advisory

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