The health care sector remains one of the stock market’s most robust and persistent growth sectors. According to analysts, it’s also one that isn’t showing any signs of slowing down. A recent report by Goldman Sachs stated that “health care is well-positioned to continue its strong performance in the coming quarters.”
With this dynamic in mind, investors should now consider buying stocks from the healthcare sector more than ever before. In this article, we will see these four best healthcare providers & services stores to buy right now and why they are excellent picks.
Henry Schein (HSI)
Headquartered in Melville, New York, Henry Schein is a leading provider of health care 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, health care practitioners, hospitals, and health care organizations. The company’s strategy is to achieve sustained growth and build a leading global healthcare products and services company through a powerful brand, business innovation, and an integrated global enterprise. 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, medical and surgical supplies, orthotics, and health and wellness products.
Select Medical Holdings (SEM)
Select Medical is a leading provider 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, long-term acute care services, skilled nursing and assisted living services, home health and hospice, and palliative, hospice, and vices. The company’s Managed Care Services segment provides various health care services, including claims administration and management, related services, and risk management, under various risk-based contracts with self-funded and fully insured employers, insurance companies, and other third-party administrators. The company’s Hospital and Home Services segment provides:
- Nursing and rehabilitation services.
- Post-hospitalization care.
- Home health and hospice services.
- Palliative care.
- Durable medical equipment.
AdaptHealth (AHCO)
Headquartered in New York, New York, AdaptHealth is a healthcare company that provides various outpatient solutions, including behavioral health, urgent care, primary care, and lab services. The company has approximately 2,000 employees and provides services at about 240 locations in the United States. The company offers two main benefits: behavioral health and urgent care. Behavioral health can include mental health, substance abuse, and personality disorders. Critical care, meanwhile, is for times when someone might need treatment, but it can wait until the next business day.
Elevance Health (ELV)
Elevance is a global health and wellness company that develops and delivers innovative ingredients and products for personal care, health and wellness, and household and industrial products. The company has four business units: Personal Care, Active Cosmetics, Health and Wellness, and Performance Materials. First, the personal care unit delivers 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, and household and industrial products. The performance material finally, then it focuses on ingredients and finished products for industrial and household products.
Conclusion
As you can see, the healthcare sector is diverse, and there are many great stocks to choose from. In our view, Henry Schein and Select Medical make excellent picks from the healthcare providers and services sector, given their expansive product offerings, a vast network of customers, and strong growth prospects.