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Medical Facilities ( (TSE:DR) ) has issued an announcement.
Medical Facilities Corporation has announced an amendment to its substantial issuer bid, increasing the price range for purchasing its common shares from shareholders. The new price range is set between $16.50 and $18.00 per share, representing a significant premium over previous valuations. The offer, which aims to repurchase up to 21.3% of the company’s outstanding shares, has been extended to March 11, 2025. This move is part of the company’s strategy to return capital to shareholders, with any unused funds from the offer to be distributed as a special dividend. Shareholders who previously tendered their shares must retender them to participate under the new terms.
More about Medical Facilities
Medical Facilities Corporation operates in the healthcare industry, focusing on the ownership and operation of surgical facilities. The company provides a range of medical services, primarily through its network of specialty surgical hospitals and ambulatory surgery centers, catering to various medical needs and procedures.
YTD Price Performance: 10.63%
Average Trading Volume: 5,912
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $276.2M
Learn more about DR stock on TipRanks’ Stock Analysis page.