The S&P Healthcare Services Index increased 3.4% over the last month, in line with the S&P 500, which increased 3.6% over the same period. Over the past month, the best performing sector was Acute Care Hospitals (up 18.7%), driven primarily by LifePoint, which announced a deal to be acquired by Apollo Global Management at a 36% premium to market.* Other top performing sectors included Contract Research Orgs (up 15.2%) and Rehabilitation (up 12.0%). The poorest performing sectors were Behavioral Health (down 9.5%), Consumer Directed Health/Wellness (down 2.3%) and Dialysis Services (down 1.8%). The current average LTM revenue and LTM EBITDA multiples for the Healthcare Services industry overall are 2.32x and 14.7x, respectively.
The sectors with the highest valuation multiples include:
*Source: Prang, Allison “LifePoint Health Agrees to Apollo Buyout.” The Wall Street Journal July 23, 2018 Web.
M&A advisory, restructuring and insolvency, debt advisory, strategic alternatives, transaction diligence and independent financial opinions.
Kroll’s investment banking practice has extensive experience in M&A deal strategy and structuring, capital raising, transaction advisory services and financial sponsor coverage.
Kroll’s Transaction Advisory Services platform offers corporate and financial investors with deep accounting and technical expertise, commercial knowledge, industry insight and seamless analytical services throughout the deal continuum.
Duff & Phelps Opinions is a global leader in Fairness Opinions and Special Committee Advisory, ranking #1 for total number of fairness opinions in the U.S., EMEA (Europe, the Middle East and Africa), Australia and Globally in 2023 according to LSEG (FKA Refinitiv).
Dedicated coverage and access to M&A deal-flow for financial sponsors.
Kroll professionals have advised hundreds of companies, investors and other stakeholders at all stages of distressed transactions and special situations.
Kroll has extensive experience raising capital for middle-market companies to support a wide range of transactions.
Our valuation experts provide valuation services for financial reporting, tax, investment and risk management purposes.