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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Comment by borne2runon Feb 26, 2020 11:01am

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Post# 30735494

RE:RE:RE:MFC sold majority stake in UMASH

So, EBITDA was negative for UMASH?
How large will the writedown be?
Sold for $1 million (less a WC adj of 1.4 million, so net is less than zero), purchased for how many tens of millions?
Asset disappears but the debt remains.

Buy high, sell low and you too can be a destroyer of capital.

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