Medical Facilities Corporation Strengthens Financial Position with Strategic Sale and Share Repurchase

Medical Facilities ( (TSE:DR) ) has provided an announcement.

Medical Facilities Corporation reported its financial results for the fourth quarter and full year 2024, highlighting a strong year marked by the sale of Black Hills Surgical Hospital, which bolstered its financial position. The company ended the year with a cash position of $108.5 million, repurchased shares worth $16.6 million, and fully repaid its corporate credit facility. Despite a slight decline in surgical case volumes due to an industry-wide shortage of intravenous saline fluids, the company achieved growth in income from operations and adjusted EBITDA. The sale of BHSH significantly enhanced the company’s ability to return capital to shareholders and focus on operational excellence and quality care.

More about Medical Facilities

Medical Facilities Corporation operates in the healthcare industry, focusing on providing surgical services through its network of facilities. The company is involved in the ownership and management of surgical hospitals and ambulatory surgery centers, with a market focus on delivering high-quality care and maximizing shareholder value.

YTD Price Performance: 11.09%

Average Trading Volume: 5,833

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $276.1M

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