International Healthway Corp (IHC)

International Healthway Corp (IHC): IHC recorded impressive revenue growth of 47% y/y to $17.8m in 1H14, driven by rental income from Japan's nursing facilities and Wuxi Hospital's medical services. To further entrench its medical services footprint in Asian countries, IHC has built up extensive network of experienced doctors overseas, acquiring integrated medical real estate projects in strategic locations which meet specific healthcare demand from China, Malaysia, Japan and Australia. Voyage reckons these factors enable IHC to capture growth in healthcare demand from the countries. House has a True Gem rating with TP of $0.48.