German Healthcare Potentially Undervalued Companies

Select Medical Holdings

Market Cap: €1.6b

Through its subsidiaries, operates critical illness recovery hospitals, rehabilitation hospitals, and outpatient rehabilitation clinics in the United States.

Bloom Health Partners

Market Cap: €3.8m

Bloom Health Partners Inc. delivers health care solutions in Canada, the United States, and internationally.

Quest Diagnostics

Market Cap: €20.0b

Provides diagnostic testing and services in the United States and internationally.

MediPal Holdings

Market Cap: €539.2b

Medipal Holdings Corporation engages in the prescription pharmaceutical wholesale business in Japan.

Humana

Market Cap: €35.8b

Provides medical and specialty insurance products in the United States.

Cooper Companies

Market Cap: €12.8b

Develops, manufactures, and markets contact lens wearers.

Addus HomeCare

Market Cap: €2.1b

Provides personal care services to elderly, chronically ill, disabled persons, and individuals who are at risk of hospitalization or institutionalization in the United States.

Maternus-Kliniken

Market Cap: €24.7m

Operates retirement and nursing homes, rehabilitation clinics, and various service companies that operate in the field of geriatric care and rehabilitation medicine.

Stratec

Market Cap: €330.6m

Provides automation solutions for in-vitro diagnostics and life science companies in Germany, the European Union, and internationally.

Stratec

Market Cap: €330.6m

Provides automation solutions for in-vitro diagnostics and life science companies in Germany, the European Union, and internationally.

Gesundheitswelt Chiemgau

Market Cap: €23.4m

Engages in medicine and tourism businesses in Germany.

NEUCA

Market Cap: €2.9b

Engages in the wholesale distribution of pharmaceuticals in Poland.

Maternus-Kliniken

Market Cap: €24.7m

Operates retirement and nursing homes, rehabilitation clinics, and various service companies that operate in the field of geriatric care and rehabilitation medicine.

electroCore

Market Cap: €40.3m

A bioelectronic medicine and general wellness company, provides non-invasive vagus nerve stimulation (“nVNS”) technology platform in the United States, the United Kingdom, and internationally.

InMode

Market Cap: €943.1m

Designs, develops, manufactures, and markets minimally invasive aesthetic medical products based on its proprietary radio frequency assisted lipolysis and deep subdermal fractional radiofrequency technologies in the United States, Europe, Asia, and internationally.

National HealthCare

Market Cap: €1.8b

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

Sysmex

Market Cap: €1.2t

Engages in the development, manufacture, and sale of diagnostic instruments, reagents, and related software.

Integer Holdings

Market Cap: €3.8b

Operates as a medical device contract development and manufacturing company in the United States, Puerto Rico, Costa Rica, and internationally.

electroCore

Market Cap: €40.3m

A bioelectronic medicine and general wellness company, provides non-invasive vagus nerve stimulation (“nVNS”) technology platform in the United States, the United Kingdom, and internationally.

RUA Life Sciences

Market Cap: €7.1m

Engages in the provision of polymers, services, and products to the medical device industry in Europe, the United States, and internationally.

ConvaTec Group

Market Cap: €4.8b

Engages in the development, manufacturing, and sale of medical products, services and technologies in Europe, North America, and internationally.

PW Medtech Group

Market Cap: €2.1b

An investment holding company, operates as a medical device company in China, India, the Americas, Africa, and internationally.

UnitedHealth Group

Market Cap: €273.8b

Operates as a health care company in the United States and internationally.

KowaLtd

Market Cap: €3.3b

Manufactures and sells nursing care products and welfare equipment under the Tacaof, AURULA, and GENTIL MARRONE brands in Japan.

Henry Schein

Market Cap: €8.4b

Provides health care products and services to office-based dental and medical practitioners, and alternate sites of care worldwide.

CellaVision

Market Cap: €4.2b

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

DocCheck

Market Cap: €61.4m

Offers marketing and e-commerce services for the healthcare sector in Europe.

Delcath Systems

Market Cap: €380.6m

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

Teleflex

Market Cap: €5.6b

Designs, develops, manufactures, and supplies single-use medical devices for common diagnostic and therapeutic procedures in critical care and surgical applications worldwide.

CVS Health

Market Cap: €91.5b

Provides health solutions in the United States.

Rockwell Medical

Market Cap: €58.9m

Develops, manufactures, commercializes, and distributes various hemodialysis products for dialysis providers worldwide.

Voxel

Market Cap: €1.8b

Operates a network of diagnostic imaging laboratories in Poland.

WELL Health Technologies

Market Cap: €1.2b

Operates as a practitioner-focused digital healthcare company in Canada, the United States, and internationally.

Envista Holdings

Market Cap: €3.4b

Develops, manufactures, markets, and sells dental products in the United States, China, and internationally.

Siemens Healthineers

Market Cap: €52.7b

Through its subsidiaries, develops, manufactures, and sells a range of diagnostic and therapeutic products and services to healthcare providers worldwide.

NNIT

Market Cap: €1.5b

Provides information technology solutions for life sciences, public, and private sectors in Denmark, Europe, the United States, and Asia.