HGP Health IT November Insights

December 05, 2019

We did a doubletake when we noticed all of the HGP healthcare indices climbed approximately 10% during the month of November.  Year-to-date, the S&P 500 is up over 25% and the HGP healthcare indices are all hovering in that range.  In the two month period since September, when talk of universal healthcare reached its peak in the recent election cycle, the HGP Payer Index climbed over 25%.  If it feels like valuations are up this year, it’s because they are.  Some valuations, including those of Teladoc and Veeva, and recent IPOs of Phreesia and Health Catalyst, are up over 50%.  It goes to show that valuation is as much about sentiment as metrics.  Sentiment, and the markets, are at an all-time high.  More news and transaction highlights from the month of November are as follows.

Noteworthy Transactions

 Noteworthy M&A transactions during the month include:

Noteworthy buyout transactions during the month include:

Noteworthy investment transactions during the month include:


Noteworthy News Headlines


Public Company Performance

HGP tracks stock indices for publicly traded health IT companies within four different sectors - Health IT, Payers, Healthcare Services, and Health IT & Payer Services. The chart below summarizes the performance of these sectors compared to the S&P 500 for the month of November:

The following tables include summary statistics on the four sectors tracked by HGP as well as the S&P 500 and NASDAQ for November 2019: