17,000 Credits

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Healthcare Software Comps Tracker

17000credits.substack.com

Healthcare Software Comps Tracker

A New 17,000 Credits Initiative

Peter G Schmidt
Apr 7, 2023
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Healthcare Software Comps Tracker

17000credits.substack.com

I am fairly agnostic when it comes to industry verticals for venture capital. I believe that there are certain sectors that lend themselves more readily to venture, but they are pretty broad, like Enterprise SaaS, consumer technology, things that run a successful PLG motion, companies with strong network effects, etc. But for the most part, what I really like about venture capital is that there is so much variety in the industry - entrepreneurs are generally very good at using technology to solve problems in all walks of life. I believe basically every industry has been impacted by venture capital in one way or another. As a result, I always have trouble planting a flag in one space or another because I think the next great company could truly come from anywhere.

However, There are a few verticals that I am more interested than others: fintech, cybersecurity, ecommerce, etc. But the one that I find myself constantly pulled in the direction of is Healthcare IT. [Or is it Life Sciences SaaS? Or is it HealthTech? Digital Health? Unlike most verticals in the innovation economy, software for healthcare never seemed to find a name that sticks. So I am just going to refer to it as Healthcare Software, even if that isn’t always technically correct.] In order to answer that call, I am going to spend the rest of the quarter writing about this industry, trying to develop a general thesis around it.

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Part of that exercise will be tracking public sector stocks that I think are in this space. You can find those charts below. I am not 100% confident that this list is comprehensive or correct - I am not even 70% confident. But I think it’s a good start. I do feel somewhat cheeky about including McKesson, but dang, that might really be a software company at this point (shoutout CoverMyMeds).

So stick around here for more things Healthcare Software.

P.S. - As my intern said when I was discussing this idea, “oh, a Jamin Ball type Beat”.

Top 10 EV / NTM Revenue Multiples

Top 5 Weekly Share Price Movement

Total Comps List

This post and the information presented are intended for informational purposes only. The views expressed herein are the author’s alone and do not constitute an offer to sell, or a recommendation to purchase, or a solicitation of an offer to buy, any security, nor a recommendation for any investment product or service. While certain information contained herein has been obtained from sources believed to be reliable, neither the author nor any of his employers or their affiliates have independently verified this information, and its accuracy and completeness cannot be guaranteed. Accordingly, no representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, timeliness or completeness of this information. The author and all employers and their affiliated persons assume no liability for this information and no obligation to update the information or analysis contained herein in the future.

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Healthcare Software Comps Tracker

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