The S&P Healthcare Services Index increased by 10.8% over the last month, compared to the S&P 500 Index, which increased 5.0% over the same period.
Over the past month, the sectors that experienced the most growth were acute care hospitals (up 29.6%), HCIT (up 20.7%) and healthcare staffing (up 20.1%). The sectors that experienced the largest declines were consumer directed health/wellness (down 3.9%), care management/TPA (down 1.6%) and assisted/independent living (down 1.4%).
The current average Last Twelve Months (LTM) revenue and LTM EBITDA multiples for the healthcare services industry overall are 1.84x and 10.2x, respectively.
The sectors with the highest valuation multiples include:
- HCIT (5.55x LTM revenue, 22.2x LTM EBITDA)
- Hospital vendors (1.98x LTM revenue, 22.2x LTM EBITDA)
- Home health/hospice (2.79x LTM revenue, 19.1x LTM EBITDA)
- Contract research organizations (3.30x LTM revenue, 20.0x LTM EBITDA)
