In this edition of the Healthcare Report we identify trends and provide insights across the sector, focusing on key themes, issues and opportunities.
Highlights:
- For the year to date (YTD) ended 8/22/2023, the S&P Healthcare (Sector) Index decreased 2.1%, compared to an increase of 14.6% for the S&P 500 Index
- The sectors that experienced the largest increase were consumer-directed health and wellness (up 16.4%), assisted/independent Living (up 14.6%), and specialty managed care (up 8.0%)
- The sectors that experienced the largest decrease were care platforms (facility-based) (down 43.8%), care platforms (affiliate-based) (down 10.4%), and med-tech and devices (down 8.5%)
- The current average last 12 months (LTM) revenue and LTM EBITDA multiples for the Healthcare industry overall are 1.8x and 11.5x, respectively
- While Healthcare EBITDA multiples decreased modestly in the seven months ended July 31, 2023 compared to full year 2022, they remained relatively strong on a historical basis
