Medical Facilities, in partnership with physicians, owns surgical facilities in the United States. Medical Facilities’ portfolio includes controlling interest in five specialty surgical hospitals located in Arkansas, Indiana, Oklahoma, and South Dakota, and an ambulatory surgery center located in California. In addition, through a joint venture with NueHealth LLC, Medical Facilities owns majority interest in seven ambulatory surgery centers located in Arkansas, Michigan, Missouri, Nebraska, Ohio, Oregon, and Pennsylvania. Medical Facilities’ specialty surgical hospitals focus on a limited number of high-volume, non-emergency surgical, imaging, diagnostic and pain management procedures, which are delivered on both inpatient and outpatient bases. The ambulatory surgery centers are specialized surgical centers that perform planned, non-emergency procedures on an outpatient basis.
Medical Facilities is a British Columbia corporation and is considered Canadian property. Its securities trade on the Toronto Stock Exchange under the symbols DR (common shares) and DR.DB.A (convertible debentures). Medical Facilities pays out a majority of its free cash flows from operations to holders of its common shares in the form of a monthly dividend of C$0.09375 per share.
Medical Facilities has a Dividend Reinvestment and Share Purchase Plan, which allows shareholders resident in Canada to automatically reinvest in a cost-effective manner the monthly cash dividend into additional common shares. The Plan is administered by Computershare Trust Company of Canada.
Why Invest in Medical Facilities?
High-yield investment and stable cash flow
Attractive markets with strong economies
Highly-rated high-quality facilities
Favourable industry growth drivers
Experienced management team and board