The S&P Healthcare Services Index increased 6.3% over the last month, outperforming the S&P 500, which increased 3.0% over the same period. Over the past month, the best performing sectors were Consumer Directed Health/Wellness (up 17.0%), Government Managed Care (up 15.8%) and HCIT (up 13.0%). The poorest performing sectors were Specialty Managed Care (down 9.1%), Hospital Vendors (down 6.5%) and Healthcare Staffing (down 4.9%). The current average LTM revenue and LTM EBITDA multiples for the Healthcare Services industry overall are 2.42x and 15.4x, respectively.
The sectors with the highest valuation multiples include:
- Consumer Directed Health/Wellness (5.97x LTM Revenue, 31.7x LTM EBITDA)
- HCIT (5.22x LTM Revenue, 30.2x LTM EBITDA)
- Hospital Vendors (1.79x LTM Revenue, 24.6x LTM EBITDA)
- Contract Research Orgs (3.48x LTM Revenue, 18.7x LTM EBITDA)
Read the report for more detail on sector activity.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.