The health care sector has been making headlines recently--and not necessarily for the right reasons.
Between Valeant's tumble, which has seen shares fall 68% year-to-date, and the blow-up of the proposed Pfizer / Allergan merger, the sector as a whole has been under pressure.
But hedge fund CIO Steve Boyd sees opportunity. Boyd runs Armistice Capital, which has had an annualized return of 24% since 2012. He argued on the Halftime Report that while there's been a sell-off, the fundamentals have not actually changed.