Hi Pat: Can you give me your thoughts on CML Healthcare? It pays a nice dividend, but appears to be trailing down over the past two years. Could its recent drop be due to the anticipated conversion to a corporation? Thanks.
CML Healthcare Income Fund, $9.99, symbol CLC.UN on Toronto (Shares outstanding: 89.7 million; Market cap: $896.1 million) is one of Canada’s largest health-care diagnostic services providers. CML (or Canadian Medical Laboratories) has two main business segments: Laboratory Services and Imaging Services.
Laboratory Services accounts for 45% of CML’s revenue, and performs a wide range of medical tests through its Ontario laboratory network, which includes the company’s central laboratory in Mississauga and 121 specimen-collection centres. The size of CML’s lab network lets it take advantage of economies of scale that are not available to smaller labs. About 85% of the company’s lab revenues are fixed by an agreement with the Ontario Ministry of Health.
Imaging Services, which supplies 55% of CML’s revenue, provides medical-imaging services, such as magnetic-resonance imaging (MRI), computed tomography (CT), X-ray, ultrasound and mammography. The company provides these services through 109 medical-imaging clinics. Seventy-eight of these clinics are in Ontario, 19 are in B.C., nine are in Alberta, two…
Privacy Policy and Terms of Use
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Changes to this Policy
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