Topic: How To Invest

Q: Hi: Could I have your opinion on Medical Facilities Corp.? Regards.

Article Excerpt

A: Medical Facilities Corp., $17.52, symbol DR on Toronto (Shares outstanding: 31.0 million; Market cap: $552.0 million, www.medicalfacilitiescorp.ca), owns majority interest in five specialty surgical hospitals in South Dakota, Indiana, Oklahoma and Arkansas, as well as an outpatient surgery clinic in California. The specialty hospitals perform scheduled surgical, imaging and diagnostic procedures. Their revenue mostly comes from fees they charge patients, and their insurers, for use of the facilities. The outpatient centre specializes in surgical procedures where patients typically go home within 24 hours. In the three months ended September 30, 2016, Medical Facilities saw its revenue increase 7.8%, to $78.8 million from $73.1 million a year earlier (all figures except share price and market cap in U.S. dollars). That was mostly due to a rise in the number of surgical cases, up 4.6% from a year earlier. Cash flow rose 8.1%, to $16.9 million, or $0.55 a share, from $15.7 million, or $0.50 a share. The company has made a number of…

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