The healthcare sector remains one of the most robust and persistent growth sectors in the stock market. Analysts say it’s also one that shows no signs of slowing down. A recent report from Goldman Sachs said “health care is well positioned to continue its strong performance over the coming quarters.”
With this dynamic in mind, investors should consider buying healthcare stocks more than ever. In this article, we’ll take a look at these four best healthcare provider and service stores to buy right now and why they’re great choices.
Henry Schein (HSI)
Based in Melville, New York, Henry Schein is a leading provider of healthcare products and services. The company offers a wide range of products and services to an extensive network of customers, including dentists, dental hygienists, veterinarians, optometrists, ophthalmologists, podiatrists, physicians, healthcare professionals, hospitals and health care organizations. The company’s strategy is to achieve sustained growth and build a leading global healthcare products and services business through a powerful brand, business innovation and an integrated global business. The company offers a wide range of products and services, including clinical equipment and supplies, infection control products, dental instruments, surgical instruments, dental implants, dental hygiene products, hearing aids, supplies medical and surgical products, orthotics and health and wellness products.
Select Medical Funds (SEM)
Select Medical is one of the leading providers of specialty medical care services in the United States. The Company operates in three segments, Specialty Care Services, Managed Care Services, and Hospital and Home Services. The Company’s Specialty Care Services segment offers inpatient and outpatient rehabilitation services, acute long-term care services, skilled nursing and assisted living services, outpatient healthcare home and palliative care, as well as palliative care, palliative care and vices. The Company’s Managed Care Services segment provides various healthcare services, including claims administration and management, related services and risk management, under various risk-based contracts with self-funded employers. and fully insured, insurance companies and other third party administrators. The Company’s Hospital and Home Services segment provides:
- Nursing and rehabilitation services.
- Post-hospitalization care.
- Home care and palliative care services.
- Palliative care.
- Durable medical equipment.
Based in New York, New York, AdaptHealth is a healthcare company that provides various outpatient solutions, including behavioral health, urgent care, primary care, and laboratory services. The company has approximately 2,000 employees and provides services at approximately 240 locations in the United States. The company offers two primary benefits: behavioral health and emergency care. Behavioral health can include mental health, substance abuse, and personality disorders. Critical care, on the other hand, is about when someone might need treatment, but that can wait until the next working day.
Elevance Health (ELV)
Elevance is a global health and wellness company that develops and supplies innovative ingredients and products for personal care, health and wellness, as well as household and industrial products. The company has four business units: Personal Care, Active Cosmetics, Health & Wellness, and Performance Materials. First, the personal care unit provides ingredients and finished products for skin and hair, such as shampoos, conditioners, styling products and gels. Next, the active cosmetics unit focuses on ingredients and finished products for anti-aging, sun protection and skin repair. Next, the health and wellness unit develops ingredients and finished products for skin and hair care, oral care, household and industrial products. Finally, high-performance materials, it then focuses on ingredients and finished products for industrial and household products.
As you can see, the healthcare industry is diverse and there are many stocks to choose from. In our view, Henry Schein and Select Medical make excellent choices in the healthcare providers and services sector, given their wide product range, extensive customer base and strong growth prospects.