One of the biggest trends playing out right now is the aging U.S. population, with baby boomers retiring over the next decade or two. One of the ways to play that wave is through national lab-testing companies Quest Diagnostics and LabCorp.
Lab testing accounts for 2% to 3% of health-care spending, yet it influences 70% to 80% of health-care decisions. As the two national players in the space, Quest and LabCorp present an interesting investment opportunity. Both companies are well run, trade at reasonable multiples, and enjoy advantages of scale and scope. Watch the video for the full details.
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