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 sandinoon Mar 11, 2021 9:20am

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Post# 32771136

Q3 -2020 versus Q4 - 2020

Q3 2020 summary

Facility service revenue totalled $96.3-million;

Total revenue and other income increased 2.4 per cent to $98.8-million, including $2.5-million of government stimulus income recognized by the surgical hospitals and ambulatory surgery centres (ASC);

Income from operations increased to $17.6-million;

Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) increased 9.6 per cent to $24.6-million;

Q4 2020 Summary

Facility service revenue $107.1 million;

Case volumes improved

Total revenue and other income, including government stimulus income of $2.4 million, to $109.5 million;

Income from operations $21.6 million

EBITDA2 $28.4 million

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