Hi Eric,
While yes, it may look like an attractive opportunity, it is not one I am currently interested in. There are still many outstanding lawsuits that the industry is dealing with in regards to their handling of COVID and there is a really big push to move away from privatization (LTCH especially) and put them in the hands of governments - much like hospitals. Secondly, they will all be dealing with additional costs in light of the pandemic and it would not surprise me to see more and more regulation that will inevitably eat into their bottom line.
While yes, with an aging population these services will be required and demand will increase, I see many headwinds ahead. Given this, it is one I'm avoiding. And hey, I can be wrong and they may soar but if you look at SIA and EXE's chart before covid, its not like they were great investments beforehand. If anything, the pandemic has weakened their appeal, not strengthened it.
Obviously these are but my own opinions on that industry and I do think there could be some short-term attractiveness, I don't invest in companies i'm not willing to hold for the long term.
Mat