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BHC

Bausch Health Companies Inc.

Sector: healthcareDrug Manufacturers - Specialty & GenericNYSEMarket Cap: $2.27B

Bausch Health Companies Inc. (BHC) is a diversified healthcare company with significant physician payment exposure ($16.9M in 2024 doctor payments) and a large insider buy cluster ($312.5M from Paulson entities in 180 days).

Next filing → your inbox
Govt Dependence
10/100
Regulatory Density
85/100
Lobbying Intensity
0/100
Political Signal
BULLISH

BusinessWhat BHC does

Bausch Health Companies Inc. operates as a diversified pharmaceutical and medical device company, with revenue lines spanning branded pharmaceuticals, over-the-counter products, medical aesthetics, and vision care through its Bausch + Lomb segment. The company markets products in dermatology, gastroenterology, eye health, and aesthetics. Its business model relies on a portfolio of branded products, including both patented and legacy brands.

12 months past · 3 months futureBHC activity timeline

$8$6$4 OctNovDecJan '26FebMarAprMayJunJulAugSepOctNovDec ↓ PAST — recorded activity ↑ FUTURE — scheduled markups · pending votes TODAY · Sep 14 $7.90 hi $4.43 lo $6.54 CONGRESS 6 INSIDERS 0 13F FUNDS 30 BILLS 34 Two Sigma Investments · - $8522M · 2026-03-31Renaissance Technologies · + $8509M · 2026-03-31Two Sigma Investments · + $12M · 2025-12-31D.E. Shaw & Co. · + $11M · 2025-12-31Renaissance Technologies · + $10M · 2025-12-31Renaissance Technologies · + $8M · 2025-09-30Citadel Advisors · + $6M · 2025-12-31D.E. Shaw & Co. · + $5M · 2025-09-30Two Sigma Investments · + $4M · 2025-09-30Citadel Advisors · + $4M · 2025-09-30Bridgewater Associates · + $3M · 2025-12-31Bridgewater Associates · - $3M · 2025-09-30 HR.499 · committee · 2025-12-19HR.498 · committee · 2025-12-18 MARKUP · House Appropriations Subcommittee on Financial Services and · 2026-09-15MARKUP · House Energy and Commerce Subcommittee on Energy · 2026-09-15MARKUP · House Appropriations Subcommittee on Departments of Transpor · 2026-09-15MARKUP · Senate Finance · 2026-09-15MARKUP · House Energy and Commerce Subcommittee on Health · 2026-09-15MARKUP · House Education and Workforce Subcommittee on Health, Employ · 2026-09-15MARKUP · Senate Health, Education, Labor, and Pensions · 2026-09-16MARKUP · House Appropriations Subcommittee on National Security, Depa · 2026-09-16MARKUP · House Education and Workforce Subcommittee on Higher Educati · 2026-09-16
Congress
buy sell
Insider · Form 4
open-market buy
Hedge fund · 13F
opened + added − trimmed closed holds
Bills
past action (this ticker) upcoming markup (sector) carveout (this ticker)
246 trading days · 0 congressional trades shown · 0 insider buys · 12 13F filings · 2 past bill actions · 9 upcoming markups

Lifetime Government AwardsBHC federal contracts

BHC doesn't hold direct federal contracts.

Verified via USASpending.gov: $0 reported in direct prime-contract awards. Companies in this position typically sell federal services indirectly through prime contractors and integrators (e.g., Lockheed Martin, Booz Allen, Microsoft Azure) or through commercial channels that don't appear in USASpending data.

Smart Money · 13F HoldingsHedge funds holding BHC

$17.05B
Total BHC held by tracked 13F funds
5
Funds with BHC positions
Two Sigma Investments $8.52B -5% 2026-03-31
Renaissance Technologies $8.51B +10% 2026-03-31
D.E. Shaw & Co. $11M +96% 2025-12-31
Citadel Advisors $6M +47% 2025-12-31
Bridgewater Associates $3M +12% 2025-12-31

Congressional TradesWho in Congress is trading BHC

2020-08-27 Susie Lee D-Nevada · house Sale $1,001 - $15,000
2020-08-27 Susie Lee D-Nevada · house sale $1,001 - $15,000
2020-02-24 Susie Lee D-Nevada · house Purchase $1,001 - $15,000 64d late
2020-02-24 Susie Lee D-Nevada · house purchase $1,001 - $15,000 64d late
2020-01-06 Susie Lee D-Nevada · house Purchase $1,001 - $15,000 50d late
2020-01-06 Susie Lee D-Nevada · house purchase $1,001 - $15,000 50d late
6+ trades on file · most recent 2020-10-07

Corporate Insiders · Form 4What CEOs, CFOs, and directors are doing with their own stock

Stock awards & option exercises

3
stock awards · $101K market value
2026-03-31 Paulson John Director AWARD 11,574 sh $63K
2026-03-31 LEUNG SANDRA Director AWARD 5,946 sh $32K
2026-03-31 WECHSLER AMY B Director AWARD 1,273 sh $7K
For BHC, executives receive stock primarily as compensation rather than via open-market purchases — typical for established large-cap firms.

Bills Affecting BHCLive legislation impacting this stock

Political ProfileWhere BHC sits in Washington

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STRUCTURAL: High regulatory density (85) due to healthcare sector and physician payment scrutiny ($16.9M in 2024 doctor payments). EVIDENTIARY: Strong insider buy cluster: $312.5M from Paulson entities in 180 days per get_corporate_insider_signal and Recent corp insider Form 4 buys, including a $156.25M buy by PAULSON & CO. INC. on 2025-11-25. Net: Heavy insider accumulation offsets lack of political lobbying or donations.

Regulatory ExposureThreats & opportunities

Regulatory threats

  • Physician payment transparency and scrutiny under Open Payments program
    CMS (Centers for Medicare & Medicaid Services)
    "get_political_influence.doctor_payments shows $16.9M in total payments to 121,350 physicians in 2024 across subsidiaries."
  • Healthcare pricing and reimbursement legislation
    Congress, HHS
    "Recent bill_impacts array shows 8 healthcare bills with impact_ratios 0.0021-0.0023, each estimated revenue impact ~$4.9M-$5.1M."

Regulatory opportunities

  • Potential regulatory easing for drug approvals or medical devices
    FDA
    "No direct evidence in data; but sector exposure suggests opportunity from legislative changes in healthcare bills."
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Frequently AskedAbout BHC & political exposure

Does Bausch Health Companies Inc. (BHC) hold federal contracts?
No direct prime contracts reported in USASpending.gov for Bausch Health Companies Inc.. Companies in the semiconductor and AI hardware sectors often sell to the federal government via prime contractors and cloud resellers (Microsoft Azure, AWS, Lockheed Martin systems integration) rather than as direct primes.
Has Congress traded BHC stock?
6 congressional trades by 1 unique members of Congress, most recently on 2020-08-27. See the Congressional Trading panel for politician-by-politician breakdown.
What is BHC political risk profile?
Government dependence: 10/100. Lobbying intensity: 0/100. Political signal: bullish. Donor party split: R 0% / D 0%.
How does GovGreed track BHC political activity?
GovGreed integrates STOCK Act congressional trade disclosures, FEC contributions, OGE executive-branch disclosures, USASpending federal contracts, Senate LDA lobbying filings, and SEC Form 4 corporate insider trades into a single queryable graph. BHC data is updated daily from these official federal sources.