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

Cardinal Health

Market Cap: US$36.6b

Operates as a healthcare services and products company in the United States, Canada, Europe, Asia, and internationally.

GE HealthCare Technologies

Market Cap: US$32.5b

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.

DexCom

Market Cap: US$30.0b

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

Labcorp Holdings

Market Cap: US$21.6b

Provides laboratory services.

Zimmer Biomet Holdings

Market Cap: US$19.5b

Operates as a medical technology company worldwide.

Quest Diagnostics

Market Cap: US$19.5b

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

Hologic

Market Cap: US$15.1b

Engages in the development, manufacture, and supply of diagnostics products, medical imaging systems, and surgical products for women's health through early detection and treatment worldwide.

Cooper Companies

Market Cap: US$13.8b

Develops, manufactures, and markets contact lens wearers.

Solventum

Market Cap: US$12.5b

A healthcare company, develops, manufactures, and commercializes a portfolio of solutions to address critical customer and patient needs in the United States and internationally.

Baxter International

Market Cap: US$12.1b

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

Hims & Hers Health

Market Cap: US$11.5b

Operates a telehealth platform that connects consumers to licensed healthcare professionals in the United States, the United Kingdom, and internationally.

HealthEquity

Market Cap: US$7.9b

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

Globus Medical

Market Cap: US$7.3b

A medical device company, develops and commercializes healthcare solutions for patients with musculoskeletal disorders in the United States and internationally.

Chemed

Market Cap: US$6.3b

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

Waystar Holding

Market Cap: US$5.9b

Develops a cloud-based software solution for healthcare payments.

Integer Holdings

Market Cap: US$3.7b

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

Envista Holdings

Market Cap: US$3.3b

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

Amedisys

Market Cap: US$3.3b

Provides healthcare services in the United States.

GeneDx Holdings

Market Cap: US$3.0b

A genomics company, provides genetic testing services.

Haemonetics

Market Cap: US$2.7b

A medical technology company, provides a suite of hospital technologies solutions in the United States and internationally.

Privia Health Group

Market Cap: US$2.4b

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

Inspire Medical Systems

Market Cap: US$2.3b

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.

Addus HomeCare

Market Cap: US$2.0b

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

CONMED

Market Cap: US$1.7b

A medical technology company, develops, manufactures, and sells devices and equipment for surgical procedures in the United States and internationally.

UFP Technologies

Market Cap: US$1.6b

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

National HealthCare

Market Cap: US$1.5b

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

Omnicell

Market Cap: US$1.4b

Provides medication management solutions and adherence tools for healthcare systems and pharmacies the United States and internationally.

U.S. Physical Therapy

Market Cap: US$1.3b

Operates and manages outpatient physical therapy clinics.

Pediatrix Medical Group

Market Cap: US$1.2b

Provides newborn, maternal-fetal, and other pediatric subspecialty care services in the United States.

Pennant Group

Market Cap: US$833.6m

Provides healthcare services in the United States.

Embecta

Market Cap: US$605.5m

A medical device company, focuses on the provision of various solutions to enhance the health and wellbeing of people living with diabetes in the United States and internationally.

Performant Healthcare

Market Cap: US$602.7m

Provides audit, recovery, and analytics services in the United States.

Definitive Healthcare

Market Cap: US$581.0m

Provides software as a service (SaaS) healthcare commercial intelligence platform in the United States and internationally.

Orthofix Medical

Market Cap: US$501.6m

Operates as a medical technology company in the United States, Italy, Germany, the United Kingdom, France, Brazil, and internationally.

National Research

Market Cap: US$339.4m

Provides analytics and insights that facilitate measurement and improvement of the patient and employee experience.

Varex Imaging

Market Cap: US$324.2m

Designs, manufactures, and sells X-ray imaging components.