The S&P Healthcare Services Index decreased by 0.8% over the last month, while the S&P 500 increased by 3.9% over the same period. 

 Over the past month, the best performing sectors were HCIT (up 10.5%), Healthcare Staffing (up 9.6%) and Healthcare Consulting (up 9.2%). The sectors experiencing the most decline were Assisted / Independent Living (down 5.7%), Commercial Managed Care (5.3%) and Contract Research Orgs (4.5%).

 The current average LTM revenue and LTM EBITDA multiples for the Healthcare Services industry overall are 2.25x and 14.4x respectively.

Healthcare Services Sector Update – April 2019

The sectors with the highest valuation multiples include:

  • HCIT (4.18x LTM Revenue, 32.0x LTM EBITDA)
  • Consumer Directed Health / Wellness (4.37x LTM Revenue, 19.9x LTM EBITDA)
  • Home Health / Hospice (1.97x LTM Revenue, 19.3x LTM EBITDA)
  • Healthcare REITS (12.08x LTM Revenue, 18.0x LTM EBITDA)

Read the report for more detail on sector activity.

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