Global Healthcare Undervalued Small Caps

CellaVision

Market Cap: SEK 3.0b

Develops and sells instruments, software, and reagents for blood and body fluids analysis in Sweden and internationally.

Embla Medical hf

Market Cap: DKK 11.6b

Provides non-invasive orthopedic products in Europe, the Middle East, Africa, the Americas, and the Asia-Pacific.

Equasens Société anonyme

Market Cap: €584.7m

Provides healthcare IT solutions in Europe.

NEUCA

Market Cap: zł3.2b

Engages in the wholesale distribution of pharmaceuticals in Poland.

Revenio Group Oyj

Market Cap: €342.1m

Provides ophthalmological devices and software solutions for the diagnosis of glaucoma, macular degeneration, and diabetic retinopathy in Finland, the United States, and internationally.

Tristel

Market Cap: UK£184.7m

Develops, manufactures, and sells infection prevention products in the United Kingdom, Australia, Germany, Western Europe, and internationally.

Middle East Healthcare

Market Cap: ر.س2.9b

A healthcare provider, owns and operates a network of hospitals under the Saudi German Hospital name in the Kingdom of Saudi Arabia and internationally.

CareCloud

Market Cap: US$100.7m

A healthcare information technology company, provides technology-enabled business solutions, Software-as-a-Service offerings, and related business services to healthcare providers and hospitals primarily in the United States.

Integrated Diagnostics Holdings

Market Cap: US$319.7m

A consumer healthcare company, provides medical diagnostics services to patients.

FINDEX

Market Cap: JP¥19.8b

Offers medical devices in Japan.

Beijing Chunlizhengda Medical Instruments

Market Cap: HK$5.9b

Engages in the research, development, production, and sale of surgical implants, instruments, and related products in the People’s Republic of China and internationally.

Tactile Systems Technology

Market Cap: US$569.5m

A medical technology company, develops and provides medical devices to treat underserved chronic diseases in the United States.

Yonghe Medical Group

Market Cap: HK$1.0b

Provides hair-related healthcare services in China.

Entero Healthcare Solutions

Market Cap: ₹49.4b

Engages in the distribution and marketing of pharmaceutical, surgical products and other allied services in India.

GPT Healthcare

Market Cap: ₹12.3b

Owns and operates a chain of multispecialty hospitals under the ILS Hospitals brand name in India.

Eyebright Medical Technology (Beijing)

Market Cap: CN¥7.7b

Eyebright Medical Technology (Beijing) Co., Ltd.

Burjeel Holdings

Market Cap: د.إ5.4b

Owns and operates multi-specialty hospitals and medical centers in the United Arab Emirates, the Sultanate of Oman, and the Kingdom of Saudi Arabia.

Jeena Sikho Lifecare

Market Cap: ₹72.3b

Trades in ayurvedic medicines in India.

SWS Hemodialysis Care

Market Cap: CN¥4.4b

Provides integrated blood purification solutions for renal failure and critically ill patients internationally.

Medi Assist Healthcare Services

Market Cap: ₹25.9b

Provides third party administration services in India and internationally.

Delcath Systems

Market Cap: US$377.7m

An interventional oncology company, focuses on the treatment of primary and metastatic liver cancers in the United States and Europe.

Bastide Le Confort Médical

Market Cap: €176.4m

Engages in the sale and rental of medical equipment in France, the United Kingdom, Belgium, Spain, Canada, the Netherlands, and Italy.

Software Service

Market Cap: JP¥53.8b

Engages in providing electric medical record, hospital total ordering, and other systems.

Zylox-Tonbridge Medical Technology

Market Cap: HK$6.4b

A medical device company, provides neuro- and peripheral-vascular interventional medical devices in the People’s Republic of China and internationally.

Synektik Spólka Akcyjna

Market Cap: zł2.4b

Provides products, services, and IT solutions for surgery, diagnostic imaging, and nuclear medicine applications in Poland.

Hydreight Technologies

Market Cap: CA$235.6m

Operates in the digital health technology sector in the United States.

Cogstate

Market Cap: AU$442.0m

A neuroscience solutions company, engages in the creation, validation, and commercialization of digital brain health assessments worldwide.

AK Medical Holdings

Market Cap: HK$6.3b

An investment holding company, designs, develops, produces, and markets orthopedic joint implants and related products in the People’s Republic of China, the United Kingdom, and internationally.

CLASSYS

Market Cap: ₩2.8t

Provides medical aesthetics devices worldwide.

Elan

Market Cap: JP¥43.0b

Engages in the nursing care business primarily in Japan.

Medios

Market Cap: €297.5m

Supplies specialty pharmaceutical drugs primarily in Germany.

Viemed Healthcare

Market Cap: US$380.3m

Through its subsidiaries, provides home medical equipment (HME) and post-acute respiratory healthcare services in the United States.

Craneware

Market Cap: UK£488.4m

Develops, licenses, and supports computer software for the healthcare industry in the United States.

SonoScape Medical

Market Cap: CN¥8.2b

Engages in the research, development, production, and sale of medical diagnosis and treatment equipment in China and internationally.