Could GPO Plus (GPOX) be a rising star in the giant health care sector for 2022

Health care stocks have underperformed the S&P 500 in 2021, but analysts are optimistic that a handful of top health care names are positioned for a big year in 2022. Stocks exposed to the ongoing pandemic will experience more tailwinds in the next couple of quarters, but the health care industry is expected to continue to normalize. Elective care has returned, high costs associated with COVID-19 patient care have subsided, and pharmaceutical and medical equipment stocks have begun to rebound and so are health care stocks (Source 1).

One small cap Health Care Stock that needs attention is GPO Plus (OTCQB:GPOX). Headquartered in Las Vegas, Nevada, GPOPlus+ (OTC US:GPOX) is a publicly traded company of diversified industry-specific Group Purchasing Organizations (GPOs). As per the company’s website, A Group Purchasing Organization (GPO) is an entity that is created to leverage the purchasing power of a group of businesses (or individuals) to obtain discounts from vendors based on the collective buying power of the GPO members. ​Essentially, GPO’s negotiate discounted rates from vendors and service providers which are then passed on to their members.​ GPO’s negotiate discounted rates from vendors and service providers which are then passed on to their members. The first GPO’s were established in the early 1900’s and were initially setup as buying groups for hospitals and the healthcare industry. (Source 2)

The company had recently announced that Wayne Smeal has joined GPOX as its Chief Operating Officer (COO) and a member of the board of directors. Mr. Smeal began his career working for Fortune 500 companies, including McKesson, Armor Food’s, ConAgra, and Kellogg’s. Leaving the corporate world Mr. Smeal ventured into private companies with more than 30 years in owning, operating, and managing businesses in multiple industries including Health, Beauty, Nutrition, Hemp, & Real Estate as well as franchising. Mr. Smeal has a successful history developing management teams and growing successful companies. (Source 3)

Earlier in Dec, 2021, the company had announced the official launch of AntigenTests.com, a project of HealthGPO. HealthGPO is a Group Purchasing Organization for the Healthcare industry with operations and facilities located throughout the United States. As per the press release, the purpose of AntigenTests.com is to provide HealthGPO Members and Point-of-Care providers with competitive pricing and a reliable supply chain for POC COVID-19 tests. (Source 4).

Click HERE To READ MORE ABOUT GPOX

Trading at mere 54 cents, GPO Plus, Inc. (GPOX) could provide a great opportunity for traders and investors into the GPO Sector. As always, conduct your own due diligence and follow traders vigilance. Other noticeable stocks in the Health Care Sector include RISPR Therapeutics (NASDAQ:CRSP), Vertex Pharmaceuticals (NASDAQ:VRTX), Intuitive Surgical (NASDAQ:ISRG), UnitedHealth Group (NYSE:UNH), and Teladoc Health (NYSE:TDOC).

Source 1 – https://money.usnews.com/investing/stock-market-news/slideshows/best-health-care-stocks-to-buy-this-year

Source 2 – https://gpoplus.com/

Source 3 – https://finance.yahoo.com/news/gpoplus-announces-chief-operating-officer-141500262.html

Source 4 -https://finance.yahoo.com/news/gpoplus-announces-launch-antigentests-com-182000079.html

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Published by Christine Lawrence

Christine Lawrence is a financial analyst. She loves analyzing socioeconomic trends in the background of financial moves. She has overall seven years of experience in Auditing, Finance and Writing.

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