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Medical Facilities Corp
TSX:DR

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Medical Facilities Corp
TSX:DR
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Price: 15.87 CAD
Market Cap: 286.5m CAD

Medical Facilities Corp
Investor Relations

Medical Facilities Corp. engages in the provision of surgical hospitals and an ambulatory surgery center in Arkansas, Indiana, Oklahoma, South Dakota, and California. The company is headquartered in Toronto, Ontario. The company went IPO on 2004-03-29. The firm owns interest in four specialty surgical hospitals located in Arkansas, Oklahoma, and South Dakota, and six ambulatory surgery center (ASC) located in California. In addition, through a partnership with NueHealth LLC, Medical Facilities owns interest in five ambulatory surgery centers located in Michigan, Missouri, Nebraska, Ohio, and Pennsylvania. The firm also owns non-controlling interests in a specialty surgical hospital in Indiana and an ASC in Missouri. The specialty surgical hospitals offer non-emergency surgical, imaging, diagnostic and pain management procedures, and other ancillary services such as urgent care and occupational health. The ambulatory surgery centers offer scheduled outpatient surgical procedures. Its subsidiaries include Arkansas Surgical Hospital, LLC and Oklahoma Spine Hospital, LLC.

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S&P TSX Composite Index (Canada)
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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Nov 6, 2025
AI Summary
Q3 2025

Revenue Growth: Facility service revenue rose 7.5% in the quarter, driven by higher surgical case volumes and improved payer rates.

Profitability: Income from operations increased 28.4% and EBITDA was up 17.7%, reflecting strong operational performance.

Case Volume Recovery: Surgical case volumes, especially at Sioux Falls Specialty Hospital, rebounded after a temporary dip in the previous quarter.

Cost Dynamics: Operating expenses increased due to higher salaries, benefits, and supply costs, although G&A expenses were down.

Shareholder Returns: Returned $5.6 million through share buybacks this quarter, with $56.8 million returned year-to-date, reducing outstanding shares by 20%.

Strong Cash Position: Ended the quarter with $34.5 million in corporate cash and no corporate-level bank debt.

Key Financials
Facility Service Revenue
$82.6 million
Income from Operations
$12.2 million
EBITDA
$16.1 million
Surgical Case Volumes
up 1.1%
Outpatient Cases
up 3.3%
Inpatient Cases
down 5.3%
Observation Cases
down 3.1%
Pain Management Cases
down 15.4%
Consolidated Salaries and Benefits
up 6.2%
Drugs and Supplies
up 10.5%
G&A Expenses
down 4.9%
Corporate Cash Position
$34.5 million
Cash and Cash Equivalents
$46.8 million
Net Working Capital
$43 million
Share Repurchases (Q3)
$5.6 million
Share Repurchases (YTD)
$56.8 million
Outstanding Share Reduction (YTD)
20%
Earnings Call Recording
Other Earnings Calls

Management

Mr. Jason P. Redman C.A., CPA
President, CEO & Director
No Bio Available
Mr. David N. T. Watson
Chief Financial Officer
No Bio Available
Dr. R. Blake Curd
Chief Executive Officer of Sioux Falls Specialty Hospital LLP
No Bio Available
Mr. Brian Fowler
Chief Executive Officer of Arkansas Surgical Hospital, L.L.C.
No Bio Available
Mr. William May
Compliance Resource Director
No Bio Available

Contacts

Address
ONTARIO
TORONTO
4576 Yonge Street, Suite 701
Contacts