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In addition, the Biden Administration recently revised its Build Back Better social spending bill, which includes several healthcare provisions. The passage of this bill could potentially open new doors for the hospital industry. Moreover, according to a Grand View Research Report, the global hospital services market is expected to grow at an 8.1% CAGR through 2026.
Against this backdrop, we think it could be wise to bet on fundamentally strong hospital stocks Encompass Health Corporation (EHC), Select Medical Holdings Corporation (SEM), and Hanger, Inc. (HNGR), which are expected to continue gaining in price in the coming months.
