The S&P Healthcare Services Index declined 2.6% over the
last month, as compared to S&P 500, which increased by 1.7%
over the same period.
Over the past month, the best performing sectors were Hospital
Vendors (up 11.8%), Behavioral Health (up 10.8%) and Providers
– Other (up 7.2%). The sectors experiencing the most decline
were Pharmacy Management (down 15.7%), Government Managed Care
(down 7.8%) and Assisted / Independent Living (down 7.1%).
The current average LTM revenue and LTM EBITDA multiples for the
Healthcare Services industry overall are 2.34x and 14.8x,
respectively.
The sectors with the highest valuation multiples include:
- HCIT (4.17x LTM Revenue, 33.0x LTM
EBITDA)
