Article Spotlight on enterprise imaging Power said investors...

Article

Spotlight on enterprise imaging

Power said investors should take note of enterprise imaging companies, which have software that goes across a hospital network.
He said Health imaging companies ProMedicus pme), Mach 7 Technologies (ASX: M7T), Volpara Health Technologies (ASX:VHT), and Imexhs (ASX:IME), the smaller of the four, are all quality plays in the sector.
“They basically have software that moves images like an X-Ray or ultrasound from the equipment to the radiologist and specialist for diagnosis,” he said.
“Like so many of the technology growth stocks they have been out of favour for a while probably since last October but they have qualities which I think will help them rebound quickly at some point when the market turns and I’d rather stay ahead.
Power said the companies certainly tick the environmental, social, and governance (ESG) box.
“They are low income on the environment, are benefiting patient outcomes and I think most of these companies have good gender diversification,” he said.
He said they are also not consumer facing or reliant on hospital and larger budgets.
“Tech companies reliant on the consumer have been hit very hard but these have been hit hard but not as hard and I think will rebound faster,” he said.
“They will probably recover quicker once money starts flowing back into the growth stocks.”