Medical Facilities Corporation
Other OTCCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Jason Redman
- Full Time Employees
- 1,593
- Sector
- Healthcare
- Industry
- Medical - Care Facilities
- Address
- 4576 Yonge Street Toronto ON Canada M2N 6N4
- IPO Date
- Nov 27, 2006
- Website
- medicalfacilitiescorp.ca
- Similar Companies
- Business
- Medical Facilities Corporation (TSX: DR; OTC: MFCSF), founded in 2004 and headquartered in Toronto, Canada, owns, in partnership with physicians, a portfolio of specialty surgical hospitals and an ambulatory surgery center in the United States, focusing on non-emergency procedures as a cost-effective alternative to traditional hospitals. The company holds controlling interests in three specialty surgical hospitals—Arkansas Surgical Hospital in North Little Rock, Arkansas (orthopedics, neurosurgery; 13 operating rooms, 41 overnight rooms); Oklahoma Spine Hospital in Oklahoma City, Oklahoma (neurosurgery, pain management; 7 operating rooms, 25 overnight rooms); and Sioux Falls Specialty Hospital in Sioux Falls, South Dakota (orthopedics, pain management, gastroenterology/urology, ear/nose/throat; 15 operating rooms, 33 overnight rooms)—and Newport Center Surgical, an ambulatory surgery center in Newport Beach, California (orthopedics, obstetrics/gynecology, pain management, gastroenterology/urology; 2 operating rooms, 1 procedure room), offering scheduled surgical, imaging, diagnostic, pain management, primary care, urgent care, and occupational health services with revenue primarily derived from facility fees. Operations span Arkansas, Oklahoma, South Dakota, and California, targeting patients requiring high-volume outpatient and short-stay procedures through physician-led management emphasizing efficiency, productivity, and patient satisfaction. In March 2025, the company purchased and cancelled 3,374,313 common shares at C$18.00 per share under a substantial issuer bid totaling C$60.7 million; completed the sale of Black Hills Surgical Hospital on November 15, 2024, streamlining its portfolio to three hospitals and one ASC; divested MFC Nueterra ambulatory surgery centers on August 25, 2023; and sold its non-controlling interest in Unity Medical and Surgical Hospital on December 29, 2022, as part of a 2022 strategic shift away from acquisitions toward divestitures of non-core assets, overhead reductions, and capital returns to shareholders including prior share buybacks and suspension of growth via M&A.
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