The healthcare sector includes companies that produce medical goods, such as drugs and medical devices, and companies that provide medical services, such as health insurance or hospital administration.
In this article we have listed down Top 10 healthcare companies based on this year. The list is provided on the basis that are publicly traded in the US or Canada.
1. McKesson Corp. (MCK)
Revenue (TTM): $283.23 billion
Net Income (TTM): $1.126 billion
Market Cap: $18.7 billion
1-Year Trailing Total Return: -1.2%
Exchange: New York Stock Exchange
McKesson
Corp. is a distributor of pharmaceuticals and other medical products in
the U.S., Canada, and Europe. Bansi Nagji, executive vice president and
chief strategy and business development officer, is stepping down from
this role effective March 31, 2020. He will remain with the company in
an advisory role to smooth the transition. McKesson expects to name a
successor within the next few months.
2. CVS Health Corp. (CVS)
Revenue (TTM): $268.70 billion
Net Income (TTM): $7.71 billion
Market Cap: $69.2 billion
1-Year Trailing Total Return: -2.1%
Exchange: New York Stock Exchange
The parent company of a leading drugstore chain, CVS Health Corp. also is among the biggest pharmacy benefits management (PBM) companies. Additionally, through its 2018 acquisition of Aetna, CVS has become a major player in health insurance.
3. UnitedHealth Group Inc. (UNH)
Revenue (TTM): $257.141 billion
Net Income (TTM): $15.403 billion
Market Cap: $197.289 billion
1-Year Trailing Total Return: -19.8%
Exchange: New York Stock Exchange
UnitedHealth Group is a health insurance company that also provides data analytics and consulting services to healthcare providers, as well as pharmacy care services. Its principal divisions include UnitedHealthcare, OptumHealth, OptumInsight, and OptumRx.
4. AmerisourceBergen Corp. (ABC)
Revenue (TTM): $189.89 billion
Net Income (TTM): $855 million
Market Cap: $15.2 billion
1-Year Trailing Total Return: -4.4%
Exchange: New York Stock Exchange
AmerisourceBergen Corp. is a distributor of medications and medical supplies. The company is in the process of exiting its PharMEDium compounding business as the result of “ongoing operational, regulatory, and commercial challenges.
5. Cardinal Health Inc. (CAH)
Revenue (TTM): $162.47 billion
Net Income (TTM): -$3.696 billion
Market Cap: $12.0 billion
1-Year Trailing Total Return: -12.3%
Exchange: New York Stock Exchange
Cardinal
Health is a manufacturer of medical, surgical, and laboratory products,
as well as a distributor of drugs and healthcare supplies. Effective
May 12, 2020, Jason Hollar will assume the CFO post at Cardinal Health.
He was most recently the chief financial officer (CFO) of automotive
products and services company Tenneco Inc. (TEN).
6. Cigna Corp. (CI)
Revenue (TTM): $160.401 billion
Net Income (TTM): $8.489 billion
Market Cap: $48.4 billion
1-Year Trailing Total Return: -21.7%
Exchange: New York Stock Exchange
Cigna Corp. offers medical, life, and accident insurance products, as well as managed care services.
7. Walgreens Boots Alliance Inc. (WBA)
Revenue (TTM): $139.5 billion
Net Income (TTM): $456 million
Market Cap: $38.6 billion
1-Year Trailing Total Return: -27.8%
Exchange: Nasdaq
Walgreens Boots Alliance operates drug stores in the U.S. under the Walgreens and Duane Reade names, as well as Boots drug stores in the U.K. and various other countries. In the U.S. during recent years, Walgreens has acquired a large number of store locations from competitor Rite Aid Corp. (RAD). The company is also a distributor of drugs and medical products, as well as the parent of online stores such as Drugstore.com, VisionDirect.com, and Beauty.com.
8. Anthem Inc. (ANTM)
Revenue (TTM): $121.9 billion
Net Income (TTM): $4.57 billion
Market Cap: $44.1 billion
1-Year Trailing Total Return: -41.4%
Exchange: New York Stock Exchange
Anthem is a health insurance company that offers individual, employer-sponsored, Medicare, and Medicaid plans. In 2020, Anthem completed the acquisition of Beacon Health Options, “the largest independently held behavioral health organization in the country serving more than 36 million people across all 50 states.
9. Centene Corp. (CNC)
Revenue (TTM): $111.115 billion
Net Income (TTM): $1.808 billion
Market Cap: $26.7 billion
1-Year Trailing Total Return: -20.3%
Exchange: New York Stock Exchange
Centene
Corp. is a managed healthcare company, focusing on administering
government-sponsored programs. In January 2020, Centene acquired
WellCare Health Plans Inc., thereby increasing its market share in
Medicaid, Medicare Advantage, and Medicare Prescription Drug Plans.
10. Johnson & Johnson (JNJ)
Revenue (TTM): $82.584 billion
Net Income (TTM): $14.714 billion
Market Cap: $293.0 billion
1-Year Trailing Total Return: -16.6%
Exchange: New York Stock Exchange
Johnson & Johnson manufactures prescription pharmaceuticals, over-the-counter healthcare products, and medical devices. BAND-AID brand adhesive bandages are among its best-known consumer products. While noting that they are working with multiple organizations to develop “fast-track solutions” for the COVID-19 coronavirus, Johnson & Johnson warns investors to discount “anecdotal, unsubstantiated reports” that HIV treatment darunavir (DRV) may be effective against COVID-19. The company is screening various antiviral compounds, including darunavir, as possible COVID-19 treatments, but it is too early to tell which, if any, may prove to be effective.
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