The S&P Healthcare Services Index decreased 16.5% over the last month, in line with the S&P 500 Index, which decreased 13.6% over the same period.
Over the past month, the sector experiencing the most growth was HCIT (up 13.7%) and the sectors experiencing the largest declines were Healthcare staffing (down 23.2%), Hospital vendors (down 8.2%) and providers – other (down 6.6%).
The current average LTM revenue and LTM EBITDA multiples for the healthcare services industry overall are 2.45x and 13.9x, respectively.
The sectors with the highest valuation multiples include:
- Home health/hospice (2.36x LTM revenue, 21.6x LTM EBITDA)
- Assisted/independent living (1.55x LTM revenue, 20.5x LTM EBITDA)
- Hospital vendors (1.79x LTM revenue, 19.3x LTM EBITDA)
- Skilled nursing (1.22x LTM revenue, 18.2x LTM EBITDA)
Stay Ahead with Kroll
Mergers and Acquisitions (M&A) Advisory
Kroll’s top ranked M&A Advisory practice spans sell-side, buy-side, due diligence, deal strategy and structuring, and capital raising.
Transaction Advisory Services
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.
Transaction Opinions
Our Transaction Opinions solutions span fairness opinions, solvency opinions, ESOP/ERISA advisory, board and special committee advisory, and complex valuations.
Financial Sponsors Group
Dedicated coverage and access to M&A deal-flow for financial sponsors.
Distressed M&A and Special Situations
Kroll professionals have advised hundreds of companies, investors and other stakeholders at all stages of distressed transactions and special situations.
Debt Advisory
Kroll has extensive experience raising capital for middle-market companies to support a wide range of transactions.