The S&P Healthcare Services Index has decreased by 2.0% over the last three months, underperforming the S&P 500 (a 0.1% increase over the same period), according to the June 2015 Healthcare Sector Update from Duff & Phelps. The best performing sectors were emergency services (up 18.8%) and special managed care (up 17.4%). The worst performing sectors were diagnostic imaging (down 23.1%) and healthcare REITs (down 8.6%).
The current median LTM revenue and LTM EBITDA multiples for the healthcare services industry overall are 1.76x and 13.1x, respectively. The sectors with the highest valuation multiples include: HCIT (3.7x LTM revenue, 19.5x LTM EBITDA), healthcare REITs (12.0x LTM revenue, 17.4x LTM EBITDA), consumer-directed health and wellness (3.4x LTM revenue, 20.8x LTM EBITDA), and other services (2.0x LTM revenue, 27.2x LTM EBITDA).
Please let us know
if you have any comments about this article or enhancements you would like to see.