The S&P Healthcare Services index declined 16.4% over the last month, as compared to S&P 500, which declined 9.2% over the same period.

Over the past month, the sectors experiencing the least amount of decline were Care Management (down 6.2%), healthcare REITS (down 6.8%) and Healthcare Consulting (down 7.0%) the poorest performing sectors were Consumer Directed Health / Wellness (down 24.0%), Dialysis Services (down 21.9%) and Assisted / Independent Living (down 21.4%) the current average LTM revenue and LTM EBITDA multiples for the Healthcare Services industry overall are 2.04x and 13.9x respectively.

The sectors with the highest valuation multiples include:

  • HCIT (3.96x LTM Revenue, 32.5x LTM EBITDA)
  • Hospital Vendors (1.59x LTM Revenue, 23.3x LTM EBITDA)
  • Pharmacy Management (0.88x LTM Revenue, 18.6x LTM EBITDA)
  • Home Health / Hospice (1.67x LTM Revenue, 17.7x LTM EBITDA)

Read the report for more detail on sector activity.

Healthcare Services Sector Update – December 2018.pdf (0.2) MB

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