The S&P Healthcare Services Index declined 2.6% over the last month, as compared to S&P 500, which increased by 1.7% over the same period.
Over the past month, the best performing sectors were Hospital Vendors (up 11.8%), Behavioral Health (up 10.8%) and Providers – Other (up 7.2%). The sectors experiencing the most decline were Pharmacy Management (down 15.7%), Government Managed Care (down 7.8%) and Assisted / Independent Living (down 7.1%).
The current average LTM revenue and LTM EBITDA multiples for the Healthcare Services industry overall are 2.34x and 14.8x, respectively.
The sectors with the highest valuation multiples include:
HCIT (4.17x LTM Revenue, 33.0x LTM EBITDA)
Healthcare REITs (13.63x LTM Revenue, 20.7x LTM EBITDA)
Consumer Directed Health / Wellness (3.43x LTM Revenue, 20.1x LTM EBITDA)
Home Health / Hospice (2.18x LTM Revenue, 20.1x LTM EBITDA)
Read the report for more detail on sector activity.