Founded in 2004, Medical Facilities, in partnership with physicians, owns a portfolio of highly rated, high-quality surgical facilities in the United States. Medical Facilities' ownership includes controlling interest in four specialty surgical hospitals located in Arkansas, Oklahoma, and South Dakota, and an ambulatory surgery center located in California. The specialty surgical hospitals offer a range of high volume, non-emergency surgical, imaging, diagnostic and pain management procedures, and other ancillary services such as primary and urgent care. The ambulatory surgery center performs scheduled outpatient surgical procedures, with patient stays of less than 24 hours.

Medical Facilities' unique management philosophy focuses on efficiency and productivity of our facilities. Our physician partners have a personal interest and play an active role in daily management and strategic direction of our facilities. They are an integral part of Medical Facilities' mission to provide highest quality of care in an environment that is safe, convenient and comfortable to our patients, their families, our employees and healthcare practitioners who use our facilities.

Medical Facilities generates nearly all of its revenue from the facility fee charged to the patient, or their insurer. This facility fee is for the use of our infrastructure, surgical equipment, nursing staff, non-surgical professional services, drugs and supplies, and other support services.

Medical Facilities' specialty surgical hospitals and ambulatory surgery center provide a competitive alternative to larger, traditionally-run hospitals. It is our goal to create a superior environment that focuses on efficiency and productivity so that the use of our facilities is the first choice of surgeons and their patients. Our facilities rank high in surveys and studies of patient satisfaction and have a reputation for superior customer experience.

Medical Facilities is a British Columbia corporation and is considered Canadian property. Its common shares trade on the Toronto Stock Exchange under the symbol DR.



August 25, 2023

Completed the divestitures of the MFC Nueterra ambulatory surgery centers

December 29, 2022

Completed the sale of non-controlling ownership interest in Unity Medical and Surgical Hospital

September 16, 2022

Announced a substantial issuer bid, by way of a modified Dutch auction, to purchase, for cancellation, up to a maximum aggregate amount of Cdn$34.5 million of common shares at a purchase price of not less than Cdn$10.00 per common share and not more than Cdn$11.50 per common share, which expired on October 24, 2022

September 13, 2022

Announced changes to corporate strategy to shift away from growth strategy through acquisitions, with plans to suspend acquisitions, divest non-core assets, pursue overhead cost reductions, and evaluate and implement strategies to return capital to shareholders

October 01, 2020

Completed the sale of Two Rivers Surgical Center

September 14, 2020

Together with St. Luke’s Hospital, announced opening of St. Luke’s Surgery Center of Chesterfield in St. Louis County, Missouri

February 25, 2020

Sold majority interest in Unity Medical and Surgical Hospital

January 22, 2020

Completed the sale of Central Arkansas Surgical Center

December 04, 2017

Sioux Falls Specialty Hospital opened urgent care clinic

October 03, 2016

Sioux Falls Specialty Hospital acquired Prairie States Surgical Center

September 01, 2016

Black Hills Surgical Hospital opened third urgent care location

March 31, 2014

Celebrated 10th anniversary and opened the market during the TSX Market Open Ceremony

August 14, 2013

Black Hills Surgical Hospital opened second Black Hills Urgent Care location

November 30, 2012

Acquired 51% interest in Arkansas Surgical Hospital

July 29, 2012

Black Hills Surgical Hospital opened Black Hills Urgent Care

March 01, 2012

Sioux Falls Specialty Hospital opened Midwest Family Care

September 16, 2011

Added to the S&P/TSX SmallCap Index

August 11, 2011

Opened the market during the TSX Market Open Ceremony

June 01, 2011

DR listed on TSX

May 31, 2011

Converted to a traditional common share structure from an income participating securities structure

April 14, 2008

Completed public offering of C$43 million aggregate principal amount of 7.5% convertible secured debentures

January 07, 2008

Acquired 51% interest in The Surgery Center of Newport Coast

June 21, 2005

Acquired 51% interest in Oklahoma Spine Hospital and completed bought-deal offering of 5.4 million income participating securities

March 29, 2004

Completed initial public offering of 22.2 million income participating securities and acquired 51% interest in each of Black Hills Surgical Hospital, Dakota Plains SurgicalCenter and Sioux Falls Specialty Hospital