News from Nashville

Research evidence excerpt

News from Nashville

RBC Capital Markets, LLC

Ben Hendrix (Analyst)

(615) 372-1323, ben.hendrix@rbccm.com

Michael Murray, CFA (AVP)

(615) 372-1321, michael.murray@rbccm.com

Drew Sterrett (Associate)

(615) 487-8638, drew.sterrett@rbccm.com

June 8, 2026

News from Nashville Quote of the week "There's fraud in every aspect of healthcare.RESEARCH But we only have one shot at this in hospice, A weekly perspective on Healthcare: industry and

company news, valuation update and you've got to do it right. The additional scrutiny ruled out the fraudsters because it only

Our view: Healthcare names continued to attract attention this week as takes away from the incredible benefit that the

rotation out of technology and semiconductors provided a meaningful hospice benefit was created to meet. This is

tailwind to the sector. Cigna (CI) was a notable beneficiary, with the most vulnerable time of life, and yet there

shares jumping following the combination of tech rotation flows and a are individuals taking advantage of that. Our

stronger-than-expected non-farm payroll print — the latter reinforcing stance and position in working with Dr. Oz andEQUITY the resilience of the employed, commercially-insured population that their group is we are extremely supportive." —

anchors CI's core business. We see this dynamic as broadly constructive Joel L. Wherley, EVP, President & CEO, VITAS

for managed care and provider names alike, and expect rotation-driven Healthcare, Chemed Corp.at 2026 RBC Capital

interest to persist as long as rate and growth uncertainty keeps pressure Markets Global Healthcare Conference on May

on tech. Also this week, we upgraded Aveanna Healthcare (AVAH) to 20th

Outperform, reflecting solid execution on preferred payor relationships