Despite the industry’s reputation for countercyclicality, healthcare services stocks generally underperformed against major indexes in Q2. However, the hospitals, rehabilitation, and long-term care segment rose above despite an increase in labor costs in 2022. UnitedHealth Group’s unsolicited bid for publicly listed Amedisys, an at-home health provider, shows M&A is a viable exit for PE-backed peers.
PitchBook’s new Q2 2023 Healthcare Services Public Comp Sheet and Valuation Guide tracks stock performance, valuations, and market caps—as well as forecasts for revenue, EBITDA, and earnings per share—for key publicly traded companies. Read more.
