Topic: How To Invest

Q: Pat, can I have your opinion of Medical Facilities Corp.? Thanks for the ongoing advice.

Article Excerpt

A: Medical Facilities Corp., $7.38, symbol DR on Toronto (Shares outstanding: 31.1 million; Market cap: $251.3 million,, owns majority interest in five specialty surgical hospitals in South Dakota, Indiana, Oklahoma and Arkansas. It also operates as an outpatient surgery clinic in California. In addition, through the company’s partnership with NueHealth LLC, it owns controlling interest in seven ambulatory surgery centers. Scattered across the U.S., they’re located in Arkansas, California, Michigan, Missouri, Nebraska, Ohio, Oregon, and Pennsylvania. Medical Facilities’ specialty hospitals perform scheduled surgical, imaging, diagnostics and other procedures. Their revenue mostly comes from the fees they charge patients, and their insurers, for use of the facilities. The outpatient, or ambulatory, centres specialize in surgical procedures where patients typically go home within 24 hours. In the three months ended June 30, 2019, Medical Facilities saw its revenue decrease 5.2%, to $101.0 million from $106.5 million a year earlier (all figures except share price and market cap in U.S. dollars). That was mostly due…

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