Medical Facilities Corporation (T:DR*CA)
Business Focus: Hospitals, Clinics & Primary Care Services
| Sector: Healthcare | Industry: Healthcare Facilities & Services |
| Company Contact | |
| Address: | 4576 Yonge Street, Suite 701 TORONTO ON M2N 6N4 |
| Tel: | 1-800-3855451 |
| Website: | https://www.medicalfacilitiescorp.ca |
| IR: | See website |
| Key People | ||
| Jason Patrick Redman Interim President and Chief Executive Officer, Executive Director | David N.T. Watson Chief Financial Officer | R. Blake Curd Chief Executive Officer of Sioux Falls Specialty Hospital | James Davis Rolfe Chief Development Officer |
| Business Overview |
| 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. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Medical Facilities Corp revenues increased 5% to $445.6M. Net income totaled $18.5M vs. loss of $4.4M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net Income reflects Impairment loss on loan receivable decrease of 93% to $786K (expense), Government stimulus income decrease from $10.2M (expense) to $0K. |
| Employees: | 1,593 as of Dec 31, 2022 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $456.99M as of Dec 31, 2023 |
| Annual revenue (TTM): | $609.73M as of Dec 31, 2023 |
| EBITDA (TTM): | $121.30M as of Dec 31, 2023 |
| Net annual income (TTM): | $25.32M as of Dec 31, 2023 |
| Free cash flow (TTM): | $69.23M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $181.70M as of Dec 31, 2023 |
| Shares outstanding: | 24,470,562 as of Apr 3, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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