The S&P Healthcare Services Index increased by 14.3% over the last month, compared to the S&P 500 Index, which increased 10.8% over the same period.

Over the past month:

  • The sectors that experienced the most growth were Assisted/Independent Living (up 42.2%), Providers – Other (up 36.5%) and Consumer Directed Health/Wellness (up 30.8%).
  • The sector that experienced the largest decline was Home Health/Hospice (down 1.4%).
  • The current average Last Twelve Months (LTM) revenue and LTM EBITDA multiples for the healthcare services industry overall are 1.82x and 10.1x, respectively. 

Healthcare Services Sector Update – November 2020

The sectors with the highest valuation multiples include:

  • HCIT (4.19x LTM revenue, 30.3x LTM EBITDA)
  • Contract Research Organizations (3.49x LTM revenue, 21.0x LTM EBITDA)
  • Consumer Directed Health/Wellness (3.01x LTM revenue, 20.0x LTM EBITDA)
  • Home Health/Hospice (3.12x LTM revenue, 19.4x LTM EBITDA)

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