Medical Facilities Corp Reports Strong 2024 Financial Results

Medical Facilities Corp ( (MFCSF) ) has released its Q4 earnings. Here is a breakdown of the information Medical Facilities Corp presented to its investors.

Medical Facilities Corporation, in collaboration with physicians, operates a portfolio of surgical facilities in the United States, including specialty surgical hospitals and an ambulatory surgery center, focusing on high-quality surgical, imaging, and diagnostic procedures.

In its latest earnings report for the fourth quarter and full year 2024, Medical Facilities Corporation highlighted a significant financial milestone with the sale of its interest in Black Hills Surgical Hospital, which contributed to a strengthened balance sheet and enhanced shareholder returns.

Key financial metrics from the report include a cash position of $108.5 million at year-end and a notable 96.9% increase in net income for the year. The company also repurchased 1.7 million common shares and fully repaid its corporate credit facility. Despite a slight decline in quarterly facility service revenue due to lower surgical case volumes, the annual income from operations rose by 25.3%, and adjusted EBITDA grew by 19.6%.

Looking forward, Medical Facilities Corporation remains committed to operational excellence and delivering quality patient care while focusing on driving further shareholder value, as emphasized by the company’s management.