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Some leading companies in the healthcare industry are making billions and have a high-ranked net worth. Healthcare industries make a considerable part of the gross domestic product in different countries. The industry usually covers essential aspects like health insurance, hospital administrations, manufacturing, delivering state-sanctioned drugs, etc. In the new phase of pandemic, the healthcare sector plays a significant role in setting up vaccination trials and vaccine production on a global scale.
The following is a list of the high-ranking companies in the healthcare sector as per their net worth.
Johnson and Johnson
The net income of Johnson and Johnson is about $15.1 billion. The net worth of this healthcare company, as of 2020, roughly stands at $360 billion.
Johnson and Johnson have been a popular name in the healthcare industry for decades for its supply of over-the-counter medicines, medical devices, and other healthcare products. They have also been known to be developing Fast care solutions regarding the coronavirus situation.
CVS Health Corp
CVS Health Corp had made an annual revenue of $256.8 billion in 2020. The company's net income is taken to be an estimated amount of about $6.6 billion, and it has a market cap of approximately $69.2 billion.
CVS is considered among the largest pharmacy management companies. It acquired Aetna in 2018 and is now considered a significant competitor in health insurance. Plus, it also parents a leading drugstore chain.
UnitedHealth Group Inc.
UnitedHealth Group Inc. earned annual revenue of $242.2 billion last year. It has a net income of about $13.8 billion. The market cap it has set for itself is around $184.8 billion.
UnitedHealth Group has various divisions like UnitedHealthcare, OptumRx, Optuminsight, etc. It is one of the leading health insurance providers in the health sector and administers pharmacy care services and healthcare services by offering consultancy.
McKesson Corp
The annual revenue of McKesson Corp last year was about $214.3 billion. It also has a high market cap of about $18.7 billion. Its net worth is an estimated value of about $917 million.
Bansi Nagji, who founded the McKesson Corp, stepped down from his position as executive vice president in 2020. However, he remains an asset to the company and is now in an advisory role. It is a distributor of pharmaceutical products in countries like Canada, Europe, and the USA.
AmerisourceBergen Corp
AmerisourceBergen Corp is also a supplier of pharmaceutical products like medications and drugs. However, the company has a lookout for exiting the business of PharMEDium compounding with the surging global changes in the economy.
It has a net worth of about $649.4 million. The market cap it has set for itself is about $15.2 billion. In 2020 it had earned annual revenue of approximately $179.6 billion.
Cigna Corp
Cigna Corp has a net income of about $5.1 billion. It has also acquired a high market cap of about $48.4 billion. As per last year, the revenue was around $153.6 billion for Cigna Corp.
This healthcare company is known for providing health insurance in the case of accidents. But it also offers medical and life insurance. A dedicated branch of this company looks after managed care services.
Cardinal Health Inc.
Cardinal Health Inc. is a leading manufacturer in the field of lab products as well as medical and surgery items. It is also involved in the distributing industry of healthcare supplies and drugs. Jason Hollar newly became the CFO at Cardinal Health.
Cardinal Health Inc. has a net worth of about $4.2 billion. Its current market cap is an estimated $12 billion. In 2020 Cardinal Health Inc. had an annual income of $145.5 billion.
Walgreens Boots Alliance Inc.
Walgreens Boots Alliance Inc.'s 2020 annual income was estimated to be $3.7 billion. It has a net worth of about $137.4 billion. The market cap for this healthcare company is $38.6 billion.
Walgreens Boots Alliances is known to run a chain of drug stores in Walgreens and Duane Reade's name in America. It also has its drug stores in the United Kingdom and other countries under Boots drug stores' name. This healthcare company also has a hold over the online market because online medical stores like Drugstore.com, Beauty.com, and the like are all under the Walgreens Boots Alliance.
Anthem Inc.
Anthem Inc.'s net worth as of 2020 is around $104.2 billion. This company's net income is about 4.8 billion. The market cap for Anthem Inc. is $44.1 billion.
Anthem Inc. is best known in the healthcare industry to provide Medicaid plans alongside providing Medicare that is either individual or employer-sponsored. Beacon Health Options, the largest independent behavioral science organization, also came under Anthem Inc. last year.
The healthcare sector also makes billions of dollars each year by investing massive capital in developing and researching life-saving drugs. Thus, it plays an incredible role in shaping the economy of a country and the global economy.
Sources - Investopedia, Becker's ASC Review, KFF.