Baby Boomers will have a large impact on the economy and should give the Canadian healthcare stocks on our list new life
SmallCapPower | May 18, 2017: Canada’s largest population segment, the Baby Boomers, are greying. This demographic consists of people ages 50-69, meaning most of them will likely be entering retirement soon. Baby Boomers will most notably impact the healthcare sector as citizens generally require increasing amounts of healthcare services as they age. Today we have identified four Canadian healthcare stocks that could experience vigorous profit growth as a result of an aging population.
Related: Canadian Biotech Stocks Performing Well Are Under the Radar, Says Portfolio Manager
Centric Health Corp. (TSX: CHH) – $0.80
Healthcare Facilities & Services
Centric Health Corp is a Canada-based provider of healthcare services. Its segments include Specialty Pharmacy, and Surgical and Medical Centres. The Specialty Pharmacy segment includes dispensing, compliance packaging and auxiliary products and services for retirement homes and long-term care residents. The Surgical & Medical Centres segment includes a range of services, including primary care, executive medical, urgent care and diagnostic services, including computerized tomography (CT) and magnetic resonance imaging (MRI) scan capabilities. The Surgical & Medical Centres segment also offers surgical specialties, including plastic, reconstructive, cosmetic, orthopedic, gynecology, urology, neurosurgery, bariatric, endoscopic and otolaryngology.
- Market Cap: $162,495,233
- Total Revenue (LTM): $167,363,000
- Debt to Equity: 661.5%
- YTD Price Change: 35.6%
Extendicare Inc. (TSX: EXE) – $10.24
Healthcare Facilities & Services
Extendicare Inc. is a Canada-based company, which owns and operates long-term care centers, and provides publicly-funded home healthcare services. The Company operates approximately 120 senior care and living centers across over four provinces in Canada. Its segments include Long-term Care; Retirement Living; Home Health Care; Other Canadian Operations, and Corporate Canada. The Long-term Care segment operates long-term care centers in Canada. The Retirement Living segment operates over six retirement communities, under the Esprit Lifestyle Communities brand. The Home Health Care segment provides home healthcare services through its ParaMed Home Health Care division.
- Market Cap: $909,350,338
- Total Revenue (LTM): $1,060,758,000
- Debt to Equity: 288.1%
- YTD Price Change: 3.6%
Sienna Senior Living Inc. (TSX: SIA) – $17.64
Healthcare Facilities & Services
Sienna Senior Living Inc. is a Canada-based company, which is engaged in serving the range of independent living (IL), independent supportive living (ISL), assisted living (AL), memory care (MC) and long-term care/residential care (referred to as LTC) communities. The Company’s segments include LTC business, Retirement, Baltic, Corporate, Eliminations and Other. Its LTC segment includes over 30 owned LTC homes and the management services business. Its Retirement segment includes approximately 10 owned retirement residences (RR) communities. Its Baltic includes seven Baltic properties in, which the Company’s interest is in the Nicola Lodge and Pacific Seniors Management General Partnership (PSM). The LTC segment in Ontario and British Columbia consists of various private, public sector operators and not-for-profit organizations offering a range of services.
- Market Cap: $814,804,212
- Total Revenue (LTM): $497,887,000
- Debt to Equity: 250.4%
- YTD Price Change: 8.2%
Vigil Health Solutions Inc. (TSXV: VGL) – $0.60
Advanced Medical Equipment & Technology
Vigil Health Solutions Inc. is a Canada-based company, which is engaged in the development, marketing and distribution of a hardware and software solution for developing care plans and monitoring the aged and dementia sufferers in long-term care facilities. The Company develops and markets the Vigil Integrated Care Management System (the Vigil System) technology platform. Its technology platform combines software and hardware to provide solutions that guide care of and monitor residents living in senior living communities. The Company’s product range includes wireless Vitality Care System featuring discreet mini pendants, a nurse call system, mobile fall, incontinence monitoring, resident check in and Vigil Memory Care System.
- Market Cap: $10,189,429
- Total Revenue (LTM): $4,842,370
- Debt to Equity: 0.0%
- YTD Price Change: 20.0%
Disclosure: Neither the author nor any of the principals at Small Cap Power, or their family members, own shares in any of the companies mentioned above.
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