Global Healthcare Undiscovered Gems With Strong Fundamentals

Hospital Corporation of China

Market Cap: HK$926.8m

An investment holding company, owns, operates, and manages hospitals in the People’s Republic of China.

Well Lead Medical

Market Cap: CN¥4.2b

Engages in the development, production, and sale of medical devices in urology, endourology, anaesthesia, respiratory, hemodialysis, and pain management areas worldwide.

Shantou Institute of Ultrasonic Instrument

Market Cap: CN¥10.9b

Shantou Institute of Ultrasonic Instrument Co., Ltd.

SALUS Ljubljana d. d

Market Cap: €468.5m

Engages in the provision of distribution, promotion, active sales, and value-added services for the medicinal products in Slovenia and internationally.

Hoshi Iryo-Sanki

Market Cap: JP¥15.0b

Manufactures and sells pharmaceutical medical oxygen and nitrous oxides in Japan.

Vasa Denticity

Market Cap: ₹9.8b

Trades in dental products in India.

Guangdong Transtek Medical Electronics

Market Cap: CN¥3.3b

Provides smart wearables and mobile medical care products in China and internationally.

Allmed Medical ProductsLtd

Market Cap: CN¥6.2b

Engages in the manufacture and sale of wound care and nursing material products in China.

Wuhan Huakang Century Clean Technology

Market Cap: CN¥3.5b

Wuhan Huakang Century Clean Technology Co., Ltd.

FALCO HOLDINGS

Market Cap: JP¥26.3b

A medical service company, provides clinical testing and dispensing pharmacy services to medical institutions and companies in Japan.

Nippon Care Supply

Market Cap: JP¥33.9b

Engages in the rental and wholesale of welfare equipment in Japan.

Mercator Medical

Market Cap: zł427.9m

Manufactures and distributes disposable medical gloves, dressings, and non-woven fabric products in Poland, the Czech Republic, Ukraine, France, Hungary, Italy, Romania, Germany, rest of Europe, and Thailand.

Cofoe Medical TechnologyLtd

Market Cap: CN¥8.1b

Manufactures and sells professional household medical devices in China.

Edan Instruments

Market Cap: CN¥7.3b

Engages in the research, development, manufacture, and service of medical electronic equipment and in vitro diagnostic products in China and internationally.

Patrangsit Healthcare Group

Market Cap: ฿4.4b

Operates hospitals in Thailand.

Alexandria New Medical Center

Market Cap: ج.م5.1b

Engages in the operation of a hospital in Egypt.

Gaush Meditech

Market Cap: HK$1.3b

Engages in the research and development, production, and distribution of ophthalmic medical equipment and consumables, and the provision of technical services to end customers.

WIN-Partners

Market Cap: JP¥37.2b

Through its subsidiaries, distributes medical devices to medical institutions primarily in Japan.

Canadian General Medical Center Complex

Market Cap: ر.س509.7m

Manages hospitals and health centers in the Kingdom of Saudi Arabia.

Hokuyaku Takeyama HoldingsInc

Market Cap: JP¥18.4b

Engages in the wholesale of pharmaceutical products in Japan.

Al-Modawat Specialized Medical

Market Cap: ر.س410.9m

Operates a general hospital in the southern Aseer region of Saudi Arabia.

Sinohealth Holdings

Market Cap: HK$1.3b

Provides healthcare solutions for sales and marketing needs of medical product manufacturer clients in Mainland China, the Netherland, England, Hong Kong, Singapore, and internationally.

Yagami

Market Cap: JP¥23.4b

Operates as a specialized trading company in the educational market Japan.

Gulf Medical Projects Company (PJSC)

Market Cap: د.إ1.5b

Manages hospitals in the United Arab Emirates.

Srivichaivejvivat

Market Cap: ฿4.7b

Engages in the hospital business in Thailand.

BIONET

Market Cap: NT$4.3b

Provides cell therapy services in Taiwan and internationally.

Kontour (Xi'an) Medical Technology

Market Cap: CN¥3.1b

Kontour (Xi'an) Medical Technology Co., Ltd.

Paul Hartmann

Market Cap: €788.5m

Manufactures and sells medical and care products in Germany, rest of Europe, the Middle East, Africa, Asia and Pacific region, and the Americas.

National HealthCare

Market Cap: US$1.8b

Engages in the operation of services to skilled nursing facilities, assisted and independent living facilities, homecare and hospice agencies, and health hospitals.

Heren HealthLtd

Market Cap: CN¥3.4b

Provides medical solutions to hospitals and governments in China.

MedikitLtd

Market Cap: JP¥39.9b

Engages in the manufacture and sale of vascular access medical devices.

Sopharma Trading AD

Market Cap: лв195.4m

Engages in the wholesale and retail trade of medicinal products for the pharmaceutical sector in Bulgaria and Serbia.

Medika d.d

Market Cap: €142.5m

Engages in the wholesale and retail distribution of pharmaceutical products in the Republic of Croatia.

ICARES Medicus

Market Cap: NT$4.6b

Engages in the design, research, development, manufacture, and sale of intraocular lenses and nanomedical devices in Taiwan, the United States, England, Japan, Spain, China, and internationally.

Kusurinomadoguchi

Market Cap: JP¥39.9b

Provides solutions for pharmacies and medical care in Japan.

Jiangxi Sanxin MedtecLtd

Market Cap: CN¥5.0b

Jiangxi Sanxin Medtec Co., Ltd. engages in the research and development, manufacture, sale, and service of medical devices.