Food and Beverage M&A Industry Insights — Fall 2023
Nov 21, 2023
by Bob Bartell, CFA, Josh Benn, Mark Kramer, Devin Kennealy, Howard Johnson, Stephanie Lau, Farzad Mukhi, Jennifer Terrell, Jon Pratt

Fri, Oct 16, 2020
The S&P Healthcare Services Index decreased by 0.1% over the last month, compared to the S&P 500 Index, which decreased 4.6% over the same period.
Over the past month, the sectors that experienced the most growth were Behavioral Health (up 12.2%), Healthcare Staffing (up 8.7%) and Clinical Laboratories (up 6.5%). The sectors that experienced the largest declines were Healthcare Consulting (down 11.0%), Assisted/Independent Living (down 8.7%) and Acute Care Hospitals (down 8.2%).
The current average Last Twelve Months (LTM) revenue and LTM EBITDA multiples for the healthcare services industry overall are 1.79x and 10.6x, respectively.
The sectors with the highest valuation multiples include:
M&A advisory, restructuring and insolvency, debt advisory, strategic alternatives, transaction diligence and independent financial opinions.
Healthcare expertise for middle-market M&A transactions.
Kroll professionals have advised hundreds of companies, investors and other stakeholders at all stages of distressed transactions and special situations.
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.
Duff & Phelps Opinions is a global leader in Fairness Opinions and Special Committee Advisory, ranking #1 for total number of U.S. and global fairness opinions over the past 10 years, according to Refinitiv cumulative data from 2013-2022.
Dedicated coverage and access to M&A deal-flow for financial sponsors.
Kroll has extensive experience raising capital for middle-market companies to support a wide range of transactions.