A: Medical Facilities Corp., $13.59, symbol DR on Toronto (Shares outstanding: 31.0 million; Market cap: $419.7 million, www.medicalfacilitiescorp.ca), owns majority interest in five specialty surgical hospitals in South Dakota, Indiana, Oklahoma and Arkansas. It also operates as an outpatient surgery clinic in California.
The company’s specialty hospitals perform scheduled surgical, imaging and diagnostic procedures. Their revenue mostly comes from the 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, 2017, Medical Facilities saw its revenue increase 12.9%, to $89.0 million from $78.8 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 5.2% from a year earlier. Cash flow rose 17.2%, to $12.3 million, or $0.40 a share, from $10.5 million, or $0.34.
Demand for Medical Facilities’ services should…
Privacy Policy and Terms of Use
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What personal information do we collect?
The information we receive from customers helps us personalize and continually improve your online experience at TSI Network. TSI Network may collect personal information online for all legal purposes, which include, but are not limited to:
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Does TSI Network Use the Information It Receives?
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Changes to this Policy
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TSI Network may revise this Policy from time to time.
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