A: Medical Facilities Corp., $17.52, symbol DR on Toronto (Shares outstanding: 31.0 million; Market cap: $552.0 million, www.medicalfacilitiescorp.ca), owns majority interest in five specialty surgical hospitals in South Dakota, Indiana, Oklahoma and Arkansas, as well as an outpatient surgery clinic in California.
The specialty hospitals perform scheduled surgical, imaging and diagnostic procedures. Their revenue mostly comes from fees they charge patients, and their insurers, for use of the facilities. The outpatient centre specializes in surgical procedures where patients typically go home within 24 hours.
In the three months ended September 30, 2016, Medical Facilities saw its revenue increase 7.8%, to $78.8 million from $73.1 million a year earlier (all figures except share price and market cap in U.S. dollars). That was mostly due to a rise in the number of surgical cases, up 4.6% from a year earlier. Cash flow rose 8.1%, to $16.9 million, or $0.55 a share, from $15.7 million, or $0.50 a share.
The company has made a number of…
Privacy Policy and Terms of Use
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Changes to this Policy
This Policy is the sole authorized statement of TSI Network's practices with respect to the collection of personal information through TSI Network's websites and the subsequent use and disclosure of such information. Any summaries of this Policy generated by third party software or otherwise (for example, in connection with the "Platform for Privacy Preferences" or "P3P") shall have no legal effect, are in no way binding upon TSI Network, shall not be relied upon in substitute for this Policy, and neither supersede nor modify this Policy.
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