Show Hospital Earnings Rise 9 In 1973 the typical medical and hospital supply company had an earnings gain of percent over that of the prior ANOTHER good increase is being racked up this the prospects for additional gains as the move along look very Overall spending for health care continues to represent an increasingly large share of total personal Even though most of the important companies engaged in the business of supplying nursing and the like with medical equipment are still experiencing good sales and earnings one would never know it by looking at the prices at which their stocks are Over the past year or two they have all fallen THE PRICES of the stocks of such companies as Barnes Damon and some others are only a fraction of what they were in the early Even the stocks of some of the leaders in the field such as American Hospital American and Dickinson have taken it on the THIS price weakness has been due chiefly to the general decline in the stock where selling emphasis has been on stocks with high price-earnings In times past the majority of medical equipment stocks were generously appraised by the investing they have come under especially heavy selling AS ALREADY total health care expenditures are continuing to due largely to the big jump in the number of people 65 or This group accounts for more than one-fourth of total health care Another positive factor for the medical equipment field is the persistent need for hospital modernization and renovation both here and IN the industry should benefit from advanced product new product and the continued expansion of nursing medical and outpatient care the shortage of trained personnel means more business for certain makers of time saving medical BEYOND the very near term it seems almost certain that a national health hill will be When this in should give a further boost to the medical equipment Currently there are relatively small firms in the producing medical of one product there are also a i very sizable and corporations dominant in the Among those are AnH Hospital A nH Baxter IH Beckman Johnson and ALONG with some extremely big produce but whose major in other include General EB Rockwell well as most of the drug makers such At the present Research Babson's Reports is retention of the major companies the production of FOR THOSE interested in representation in Hi I the American and are THE SHARES of of these concerns oversold and do not P excellent growth of is a manufacture of but in later ye has greatly interests in the medical ply field through acquis If readers are receiving free reports on these three mended Babson's Reports Wellesley 02 |