Healthcare Services Sector Update - August 2021

September 27, 2021

The S&P Healthcare Services Index decreased by 0.6% over the last month, compared to the S&P 500 Index, which increased 2.9% over the same period.

Over the past month:

  • The sectors that experienced the most growth were Healthcare Staffing (up 15.5%), Specialty Managed Care (up 10.7%) and HCIT (up 9.5%).

  • The sectors that experienced the largest decline were Behavioral Health (down 18.0%), Consumer Directed Health/Wellness (down 12.9%) and Providers – Other (down 11.1%).

  • The current average Last Twelve Months (LTM) revenue and LTM EBITDA multiples for the healthcare services industry overall are 3.63x and 15.2x, respectively.

 

Healthcare Services Sector Update – August 2021

The sectors with the highest valuation multiples include:

  • Contract Research Organizations (4.96x LTM revenue, 27.1x LTM EBITDA)

  • Assisted/Independent Living (2.05x LTM revenue, 24.0x LTM EBITDA)

  • HCIT (4.82x LTM revenue, 23.7x LTM EBITDA)

  • Behavioral Health (0.46x LTM revenue, 22.5x LTM EBITDA)

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