The S&P Healthcare Services Index declined 6.2% over the last month, as compared to the S&P 500, which declined 1.3% over the same period.
Over the past month, the sectors experiencing the most growth were pharmacy management (up 10.2%), healthcare staffing (up 9.2%) and healthcare REITs (up 7.4%). The sectors experiencing most decline were consumer directed health / wellness (down 19.0%), behavioral health (14.6%) and skilled nursing (14.0%).
The current average LTM revenue and LTM EBITDA multiples for the healthcare services industry overall are 2.40x and 15.1x, respectively.
The sectors with the highest valuation multiples include:
- HCIT (4.58x LTM Revenue, 33.7x LTM EBITDA)
- Consumer directed health / wellness (4.00x LTM Revenue, 24.4x LTM EBITDA)
- Healthcare REITs (13.35x LTM Revenue, 20.3x LTM EBITDA)
- Home health / hospice (2.18x LTM Revenue, 20.2x LTM EBITDA)
Read the report for more detail on sector activity.
Healthcare Services Sector Update August 2019.pdf (0.2) MB
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