U.S. Healthcare Undervalued over 20% based on DCF

Abbott Laboratories

Market Cap: US$149.1b

Abbott Laboratories, together with its subsidiaries, discovers, develops, manufactures, and sells health care products worldwide.

Medtronic

Market Cap: US$94.8b

Develops, manufactures, and sells device-based medical therapies to healthcare systems, physicians, clinicians, and patients in the United States, Ireland, and internationally.

Medline

Market Cap: US$48.0b

Manufactures med-surg products serving the hospital, surgery centers, physician offices, post-acute facilities, and nursing home sites of care in the United States and Internationally.

Becton Dickinson

Market Cap: US$40.5b

Develops, manufactures, and sells medical supplies, devices, laboratory equipment, and diagnostic products for healthcare institutions, physicians, life science researchers, clinical laboratories, pharmaceutical industry, and the general public worldwide.

DexCom

Market Cap: US$28.5b

A medical device company, focuses on the design, development, and commercialization of continuous glucose monitoring (CGM) systems for the management of diabetes and metabolic health in the United States and internationally.

Veeva Systems

Market Cap: US$28.5b

Provides cloud-based software for the life sciences industry in North America, Europe, the Asia Pacific, the Middle East, Africa, and Latin America.

GE HealthCare Technologies

Market Cap: US$28.4b

Engages in the development, manufacture, and marketing of products, services, and complementary digital solutions used in the diagnosis, treatment, and monitoring of patients in the United States, Canada, and internationally.

ResMed

Market Cap: US$27.6b

Develops, manufactures, distributes, and markets medical devices and cloud-based software applications to diagnose, treat, and manage respiratory disorders in the United States and internationally.

Quest Diagnostics

Market Cap: US$21.6b

Provides diagnostic testing and services in the United States.

Guardant Health

Market Cap: US$17.2b

A precision oncology company, provides blood and tissue tests, and data sets in the United States and internationally.

Align Technology

Market Cap: US$12.5b

Provides Invisalign clear aligners, Vivera retainers, and iTero intraoral scanners and services in the United States, Switzerland, and internationally.

Cooper Companies

Market Cap: US$11.9b

Develops, manufactures, and markets contact lens wearers.

Globus Medical

Market Cap: US$11.1b

Develops and commercializes healthcare solutions for patients with musculoskeletal disorders in the United States and internationally.

Encompass Health

Market Cap: US$10.5b

Operates inpatient rehabilitation hospitals in the United States and Puerto Rico.

Baxter International

Market Cap: US$9.7b

Through its subsidiaries, provides a portfolio of healthcare products in the United States.

HealthEquity

Market Cap: US$7.4b

Provides technology-enabled services platforms to consumers and employers in the United States.

Lantheus Holdings

Market Cap: US$6.5b

Develops, manufactures, and commercializes diagnostic and therapeutic products that assist clinicians in diagnosis and treatment of heart, cancer, and other diseases worldwide.

PACS Group

Market Cap: US$5.8b

Through its subsidiaries, operates skilled nursing facilities and assisted living facilities in the United States.

Teleflex

Market Cap: US$5.7b

Designs, develops, manufactures, and supplies single-use medical devices for common diagnostic and therapeutic procedures in critical care and surgical applications in the United States, Europe, the Middle East, Africa, the Asia Pacific, and internationally.

Chemed

Market Cap: US$5.6b

Provides hospice and palliative care services to patients through a network of physicians, doctors, registered nurses, home health aides, social workers, clergy, and volunteers primarily in the United States.

RadNet

Market Cap: US$4.4b

Provides outpatient diagnostic imaging services in the United States and internationally.

Doximity

Market Cap: US$3.9b

Operates a digital platform for medical professionals in the United States.

Envista Holdings

Market Cap: US$3.8b

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

Waystar Holding

Market Cap: US$3.8b

Develops a cloud-based software solution for healthcare payments.

Merit Medical Systems

Market Cap: US$3.8b

Designs, develops, manufactures, and markets single-use medical products for interventional, diagnostic, and therapeutic procedures in the United States, China, Japan, Germany, France, the United Kingdom, and internationally.

ICU Medical

Market Cap: US$3.4b

Develops, manufactures, and sells medical products used in infusion therapy, vascular access, and vital care applications worldwide.

CorVel

Market Cap: US$3.1b

Provides workers’ compensation, general and auto liability, and hospital bill auditing and payment integrity solutions.

Haemonetics

Market Cap: US$3.1b

A medical technology company, provides a suite of hospital technologies solutions.

Brookdale Senior Living

Market Cap: US$3.1b

Owns, manages, and operates senior living communities in the United States.

Integer Holdings

Market Cap: US$3.0b

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

Privia Health Group

Market Cap: US$2.7b

Operates as a national physician-enablement company in the United States.

Omnicell

Market Cap: US$2.0b

Provides healthcare technology in the United States and internationally.

UFP Technologies

Market Cap: US$1.7b

Designs and manufactures solutions for medical devices, sterile packaging, and other engineered custom products in the United States.

Aveanna Healthcare Holdings

Market Cap: US$1.6b

A diversified home care platform company, provides pediatric and adult healthcare services in the United States.

Teladoc Health

Market Cap: US$1.4b

Provides virtual healthcare services worldwide.

Inspire Medical Systems

Market Cap: US$1.2b

A medical technology company, focuses on the development and commercialization of minimally invasive solutions for patients with obstructive sleep apnea (OSA) in the United States and internationally.