No one’s getting any younger. According to Statistics Canada, as of July 2023, almost 19% of the Canadian population was 65 years or older, while the median age was 40.6 years old. One top TSX stock that benefits from an aging population is Savaria (TSX:SIS).
What does Savaria do?
Savaria is a global leader in the accessibility industry. It designs, manufactures, distributes, and installs accessibility equipment, such as stairlifts for straight and curved stairs, vertical and inclined wheelchair lifts, and elevators for home and commercial use.
Futhermore, it manufactures and markets a selection of pressure management products for the medical market, medical beds for the long-term care market, and medical equipment and solutions for the safe handling of patients, including ceiling lifts and slings.
A small-cap stock with growth potential
Notably, Savaria is a small-cap stock that has used acquisitions…
