Medical Facilities Corporation
Capital Structure
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in mil. unless spec.Working Capital
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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.Company Description
- CEO
- Jason Redman
- Full Time Employees
- 1,066
- Sector
- Health services
- Industry
- Hospital/Nursing management
- Address
- 4576 Yonge Street Toronto ON Canada M2N 6N4
- IPO Date
- Mar 17, 2004
- Website
- medicalfacilitiescorp.ca
- Similar Companies
- Business
- Medical Facilities Corporation (DR.TO) owns and operates, in partnership with physicians, a portfolio of specialty surgical hospitals and an ambulatory surgery center focused on high-volume, non-emergency procedures in the United States. 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); 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). These facilities provide inpatient and outpatient surgical, imaging, diagnostic, and pain management services; ancillary offerings including primary care, urgent care, and occupational health; facility fees for infrastructure, equipment, nursing, drugs, supplies, and support services; with orthopedic and neurosurgical cases comprising a significant portion of volumes. Founded in 2004 and headquartered in Toronto, Canada, with operations exclusively in the US, Medical Facilities generates nearly all revenue from facility service income targeting surgeons, patients, and insurers seeking efficient alternatives to traditional hospitals. Recent developments include the completion of a substantial issuer bid on March 12, 2025, under which the company purchased and cancelled 3,374,313 common shares for C$60.7 million at C$18.00 per share; entry into a new $40 million credit agreement on August 6, 2025; renewal of its normal course issuer bid on November 27, 2025; divestiture of Black Hills Surgical Hospital on November 15, 2024; board changes announced on March 3, 2025; and a strategic shift announced September 13, 2022, away from acquisitions toward divestitures of non-core assets, cost reductions, and capital returns to shareholders.
Company News
Medical Facilities (OTCMKTS:MFCSF) Share Price Crosses Below 200-Day Moving Average – Should You Sell?
Medical Facilities Q2 Earnings Call Highlights
Medical Facilities (OTCMKTS:MFCSF) Shares Pass Above 50 Day Moving Average – Time to Sell?
Medical Facilities Corporation (DR:CA) Shareholder/Analyst Call Prepared Remarks Transcript
Medical Facilities Corporation (DR:CA) Q1 2026 Earnings Call Prepared Remarks Transcript
24 Safer Buys From 10 Years Of Dogcatcher Digging
Medical Facilities Corporation (DR:CA) Q4 2025 Earnings Call Transcript
Medical Facilities (OTCMKTS:MFCSF) Stock Passes Above 50-Day Moving Average – Here’s Why
Medical Facilities Corporation (DR:CA) Q3 2025 Earnings Call Prepared Remarks Transcript
Medical Facilities Corporation (MFCSF) Q2 2025 Earnings Call Transcript
Medical Facilities Corporation (MFCSF) Q1 2025 Earnings Call Transcript
Medical Facilities Corporation (MFCSF) Q4 2024 Earnings Call Transcript
Medical Facilities Corporation (MFCSF) Q3 2024 Earnings Call Transcript
Medical Facilities Corporation (MFCSF) Q2 2024 Earnings Call Transcript
Greystone Capital Q2 2024 Letter To Clients
Medical Facilities Corporation (MFCSF) Q1 2024 Earnings Call Transcript
Medical Facilities Corporation (MFCSF) Q4 2023 Earnings Call Transcript
Medical Facilities Corporation (MFCSF) Q3 2023 Earnings Call Transcript
Medical Facilities Corporation (MFCSF) Q2 2023 Earnings Call Transcript
Medical Facilities Corporation (MFCSF) Q4 2022 Earnings Call Transcript