Which 5 healthcare stocks are making waves on NZX?

Highlights

• New Zealand has a high-quality healthcare system.
• In the US, Fisher & Paykel launched the F&P Visairo mask for proper ventilation.
• TruScreen made great accomplishments in women's healthcare technologies and its international expansion plan.

The healthcare sector of a country provides medical services, medical equipment, and medical insurance facilities, and makes the provision of healthcare services easy.

New Zealand possesses a high-quality healthcare system. The system is mostly financed through general taxation.

NZ has recently granted $11.3 million to emerging researchers in the country to perform high-quality research and build skills needed to deal with health concerns.

Let’s skim through these 5 NZX healthcare stocks’ performance.

Image source: © 2021 Kalkine Media, Data source- EODHD/Others

Fisher & Paykel Healthcare Corporation Limited (NZX:FPH;ASX:FPH) 

Engaged in the production of medical equipment in the homecare and hospital division, Fisher & Paykel released the F&P Visairo hospital mask for non-invasive ventilation in the US on Wednesday. The mask supports dynamic technology and allows bridge-free ventilation.

RELATED READ: Fisher & Paykel: What are the expectations surrounding its upcoming results?

Fisher & Paykel delivered a revenue of $583 million for the first 4 months of FY22.

On 18 November, at the time of writing, FPH was trading at $31.16­, down 1.08%.

TruScreen Group Limited (NZX:TRU)

TruScreen, a cancer screening device maker announced that it had achieved big targets in women’s healthcare technologies as well as its international expansion plan. TRU also concluded the validation of a Firmware upgrade, which will improve the cyber security architecture of its devices.

TRU has considerably increased its existence in the Chinese market, as well as in Central and Eastern Europe.

On 18 November, at the time of writing, TRU was trading flat at $0.083.

Ryman Healthcare Limited (NZX:RYM) 

Leading retirement village operator Ryman Healthcare has acquired extra land besides two of its existing Victorian sites. The Group purchased Essendon Terrace, which is neighbour to a site acquired by RYM in May, where it plans to construct a $165-million retirement village.

The Group also announced the purchase of a 2.35-hectare location adjacent to Deborah Cheetham RV in Ocean Grove to develop the village. The Essendon procurement came as a part of Ryman’s growth plans.

RELATED READ: Would 5 NZX retirement village stocks continue their momentum in 2022?

On 18 November, at the time of writing, RYM was trading flat at $13.65.

Oceania Healthcare Limited (NZX:OCA)

Owner and operator of retirement village and aged care facilities, Oceania changed its registered office, telephone and address for service this month. Oceania Board also appointed Rob Hamilton and Peter Dufaur as its independent non-executive directors, effective 17 September.

ALSO READ: Top New Zealand market news that generated interest

On 18 November, at the time of writing, OCA was trading at $1.29, down 0.77%.

Radius Residential Care Limited (NZX:RAD)

Specialist health and aged care provider, Radius Residential completed the acquisition of Clare House, a unified care facility and retirement village in Waikiwi, Invercargil, on 1 November for $14.5 million. The acquisition was funded from the new $62 million debt facility.

On 18 November, at the time of writing, RAD was trading flat at $0.51.

Bottom Line

COVID-19 has fast-tracked changes across the environment and is forcing health systems to modernise and adapt in a short time.

(NOTE: Currency is reported in NZ Dollar unless stated otherwise)