Medical Facilities Corp T.DR

Alternate Symbol(s): MFCSF

Healthcare

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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Comment by righand2on Jun 14, 2017 4:50pm

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Post# 26363502

RE:RE:RE:RE:decrease in CFFO

kennethjw wrote:
Quarterly performance can always be lumpy based on payer mix, but Q1-17 was particularily soft due to an injured key physician (who is since back at work). The high margin surgeries that would have been performed during Q1-17 were rescheduled.

If that is all it takes to hurt the bottom line, that makes DR very risky indeed.
I almost hit the buy button today, but just too many negative things floating around the company right now. And I am not totally convinced they are covering the dividend, lots of fancy accounting in the "distributable cash" calculation. And of course, the ObamaCare replacement, if it ever comes, is a complete unknown.
That dividend sure is tempting, but the falling share price tells me to be cautious.
Best of luck to those that hold.

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