Medical Facilities Corp T.DR

Alternate Symbol(s): MFCSF

Healthcare Medical Care

Medical Facilities Corporation is a Canada-based company, which owns a 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 and derive their revenue primarily from the fees charged for the use of these facilities. In addition, two of the SSHs provide urgent care services. The facilities focus on a limited number of clinical specialties such as orthopedics, neurosurgery, pain management and other non-emergency elective procedures.

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Medical Facilities Corp

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Post by philip3on Aug 13, 2015 2:51pm

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Post# 24015839

QTR results in (nice pop)

Looks very good and stable. With a PE of 9 yield of 7.5, this is the best no-brainer I've seen this year.

TORONTO, Aug. 13, 2015 /CNW/ - Medical Facilities Corporation ("Medical Facilities" or the "Company") (TSX: DR), today reported its financial results for the three-month and six-month periods ended June 30, 2015. All amounts are expressed in U.S. dollars unless indicated otherwise.

Second Quarter 2015 Summary

Revenue from continuing operations of $73.6 million, up 3.4% as compared with $71.2 million in Q2 2014
Income from operations from continuing operations of $16.0 million, up 5.1% as compared with $15.2 million in Q2 2014
Cash available for distribution1 of Cdn$12.1 million, up 25.8% as compared with Cdn$9.6 million in Q2 2014
Payout ratio1 of 72.8% as compared with 91.5% in Q2 2014
On June 30, 2015, Dakota Plains Surgical Center, LLP sold its operating assets for net proceeds of $33.8 million