The company has been pouring tons of money into R&D and its pipeline for new medical products.
Remember, every year in the U.S., 4 million people reach 65 years of age. Those persons in the 65-100 age group are in need of medical care much more so than in their younger years. The body ages and has more problems as it declines as the years go by.
This is a great business because they do not have the incredible expenses of drug clinical trials.
I love the medical products business because it is not just the U.S. that is aging. The entire world is adding 50-60 million people per year to the senior group and they are the ones that use more medical products.