The S&P Healthcare Services Index increased 4.0% over the last month, outperforming the S&P 500, which increased 0.3% over the same period. Over the past month the best performing sectors were Healthcare Staffing (up 17.2%), Home Health / Hospice (up 12.4%) and Pharmacy Management (up 9.5%). The poorest performing sectors were Behavioral Health (down 13.5%), Providers - Other (down 9.8%) and Hospital Vendors (down 3.9%). The current average LTM revenue and LTM EBITDA multiples for the Healthcare Services industry overall are 2.14x and 13.5x, respectively.

The sectors with the highest valuation multiples include:

• Consumer Directed Health / Wellness (4.81x LTM Revenue, 25.4x LTM EBITDA)
• HCIT (4.17x LTM Revenue, 20.9x LTM EBITDA)
• Pharmacy Management (0.70x LTM Revenue, 19.8x LTM EBITDA)
• Hospital Vendors (1.79x LTM Revenue, 19.3x LTM EBITDA)

Read the report for more detail on sector activity.