Home Health Stock Index Hits All-Time High
On the heels of a landmark month for home health investments in June, one measure of home health company performance has set another record high in July.
Following an 11% uptick in June, the Stoneridge Partners Home Health Index showed another 9% increase last month, amounting to a year to date increase to more than 40%.
The index tracks a compilation of home health stock performance over time, versus the S&P 500. The index tracks companies including publicly held Amedisys, Inc. (Nasdaq: AMED), LHC Group (Nasdaq: LHC) and Almost Family, Inc. (Nasdaq: AFAM).
The previous high for the index was set in September 2008, six years after the index was established in 2002.
Today, the index hovers just over 42, up from 5 in 2002 and 41.75 in 2008, followed by a rapid decline to 21.
Written by Elizabeth Ecker