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Medical Facilities Corp T.DR

Alternate Symbol(s):  MFCSF

Medical Facilities Corporation is a Canada-based company, which owns a diverse portfolio of surgical facilities in the United States. The Company owns interest in four specialty surgical hospitals (SSHs) located in Arkansas, Oklahoma, and South Dakota, and one ambulatory surgery centers (ASC) located in California. ASCs are specialized surgical centers that only provide outpatient procedures, whereas SSHs are licensed for both inpatient and outpatient surgeries. The SSHs and ASC provide facilities, including staffing, surgical materials and supplies, and other support necessary for scheduled surgical, pain management, imaging, and diagnostic procedures. In addition, two of the SSHs provide urgent care services. The Company's subsidiaries include Arkansas Surgical Hospital, LLC, Oklahoma Spine Hospital, LLC, Black Hills Surgical Hospital, LLP, Sioux Falls Specialty Hospital, LLP, and The Surgery Center of Newport Coast.


TSX:DR - Post by User

Post by nozzpackon Sep 14, 2020 8:32am
214 Views
Post# 31551500

News....St Lukes Surgery Center Opens

News....St Lukes Surgery Center Opens

 

Medical Facilities, St. Luke's open surgery centre

 

2020-09-14 07:55 ET - News Release

 

Mr. Robert Horrar reports

MEDICAL FACILITIES CORPORATION AND ST. LUKE'S HOSPITAL ANNOUNCE FIRST CASE COMPLETED AT NEWLY OPENED ST. LUKE'S SURGERY CENTER OF CHESTERFIELD

Medical Facilities Corp. and St. Luke's Hospital have officially opened St. Luke's Surgery Center of Chesterfield in St. Louis county, Missouri. Located on the west campus of St. Luke's Hospital in Chesterfield, Missouri, the surgery center is currently offering six specialties, including orthopedics, gynecology, gastrointestinal (GI), plastic surgery, urology and general surgery. The surgery center encompasses more than 17,500 square feet of medical space with four state-of-the-art equipped operating rooms and two procedure rooms. The ambulatory surgery center ("ASC") also features five extended care rooms to accommodate outpatient surgeries such as total joint replacement of the knee and hip.

"We are excited to see this facility come to fruition," said Robert O. Horrar, President and CEO of Medical Facilities. "The first cases at St. Luke's Surgery Center of Chesterfield have been completed and physicians are welcoming new patients. This new ASC addresses the needs of a healthcare market that demands the highest quality of care, an enhanced overall experience and a lower cost. The surgery center will benefit from our established ASC platform, which we believe is well-positioned to take advantage of the substantial opportunity we continue to see in the ASC space." 

Diane Ray, St. Luke's Hospital's Senior Vice President and Chief Operating and Nursing Officer said, "St. Luke's is proud to be partnering with MFC and many of our outstanding surgeons to create this state-of-the-art facility that brings the quality of services and physician talent St. Luke's is famous for in the St. Louis region."

The multi-specialty ASC is jointly owned by MFC Nueterra, St. Luke's Hospital and local physicians. More information about the ASC can be found at stlukesscc.com.

About Medical Facilities

Medical Facilities Corporation ("MFC"), in partnership with physicians, owns surgical facilities in the United States. MFC's portfolio includes controlling interest in four specialty surgical hospitals located in Arkansas, Oklahoma, and South Dakota, and an ambulatory surgery center located in California. MFC also has a non-controlling interest in a specialty surgical hospital in Indiana. In addition, through a partnership with NueHealth LLC, Medical Facilities owns controlling interest in six ambulatory surgery centers located in Michigan, Missouri, Nebraska, Ohio, Oregon, and Pennsylvania. The specialty surgical hospitals perform scheduled surgical, imaging, diagnostic and other procedures, including primary and urgent care, and derive their revenue from the fees charged for the use of their facilities. The ambulatory surgery centers specialize in outpatient surgical procedures, with patient stays of less than 24 hours. For more information, please visit www.m

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