3 Healthcare Stocks to Buy and Hold for the Next 10 Years

Watching shares of the companies you own drop considerably over a short period can be gut-wrenching. With equity markets so volatile lately, investors may want to look toward healthcare stocks that have been proven winners to anchor their portfolios.

Investing in solid companies does not necessarily mean old and stodgy without growth prospects. Omnicell (NASDAQ: OMCL), Orthopediatrics (NASDAQ: KIDS), and Penumbra (NYSE: PEN) have all demonstrated long-term revenue growth and rewarded shareholders in the process. And while substantially filling a much-needed niche in the healthcare system, this trio warrants consideration by investors.

Standing at the crossroads of labor shortages, a shift toward automation, and an ever-present push for better patient outcomes is Omnicell. Its pharmacy management systems are designed to reduce error-prone manual labor and reduce administrative tasks. Additionally, its equipment and software solutions increase productivity while at the same time reducing both medication errors and medication waste.

Source Fool.com