The S&P Healthcare Services Index decreased by 13.4% over the last month, compared to the S&P 500 Index, which decreased 5.3% over the same period.
Over the past month:
The sectors that experienced the highest growth were consumer directed health/wellness (up 8.5%), assisted/independent living (up 2.6%) and distribution (up 1.0%).
The sectors that experienced the largest decline were providers – other (down 28.0%), behavioral health (down 27.1%) and clinical laboratories (down 18.3%).
The current average Last Twelve Months (LTM) revenue and LTM EBITDA multiples for the healthcare services industry overall are 3.05x and 14.2x, respectively.
The sectors with the highest valuation multiples include:
- Contract Research Organizations (4.56x LTM revenue, 26.7x LTM EBITDA)
- HCIT (4.02x LTM revenue, 21.0x LTM EBITDA)
- Consumer-Directed Health/Wellness (2.92x LTM revenue, 20.7x LTM EBITDA)
- Home Health/Hospice (1.79x LTM revenue, 19.7x LTM EBITDA)
