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Medical Facilities Corporation T.DR

Sector: Healthcare | Sub-Sector: Medical Care
Alternate Symbol(s):  T.DR.DB | T.DR.DB.A

Medical Facilities Corp, along with its subsidiaries, owns and operates specialty surgical hospitals and an ambulatory surgery center in the United States.
Company Medical Facilities Corporation
Address Suite 3400, 333 Bay Street, Toronto, ON M5H 2S7 Canada
Phone 416-848-7380
Toll Free 877-402-7162
Website www.medicalfacilitiescorp.ca
Description Mutual fund corporation which owns major interests in three South Dakota specialty hospitals, one Oklahoma specialty hospital, and one California surgery center. These perform surgical, imaging and diagnostic procedures in a limited number of clinical specialties such as orthopaedic, ear, nose and throat, and neurosurgery. Income from this investment is used to provide holders of IPS units with monthly distributions.
Other Locations Black Hills Surgical Hospital, Rapid City SD; Dakota Plains Surgical Center, Aberdeen SD; Oklahoma Spine Hospital, Oklahoma City OK; Sioux Falls Specialty Hospital, Sioux Falls SD; The Surgery Center of Newport Coast, Newport Beach CA.
Employees 860 (2011)
825 (2010)
Fiscal Year Dec 31
Assets $ 334,341,000 USD (2011)
$ 381,260,000 USD (2010)
Revenue $ 220,775,000 USD (2011)
$ 217,918,000 USD (2010)
Net Income $ 12,136,000 USD (2011)
$ 20,556,000 USD (2010)
Auditor KPMG LLP
Other Info

Each Income Participating Securities unit represents one common share and Cdn $5.90 of 12.5% subordinated notes. Monthly distributions to unitholders consist of dividend payments on the common shares and interest payments on the notes.

Ownership Class Publicly-traded corporation
Stocks TSX: DR
Open-End Investment Funds (52591)
Specialty (except Psychiatric and Substance Abuse) Hospitals (62231)
Status 5.90% convertible unsecured subordinated debentures (DR.DB.A) and Income Participating Securities (DR) listed on the Toronto Stock Exchange.
Related Companies
Medical Facilities (USA) Holdings, Inc. (including interests ranging from 51% to 65% in each of Black Hills Surgical Hospital, LLP, Dakota Plains Specialty Hospital, LLP, Oklahoma Spine Hospital, LLC, Sioux Falls Specialty Hospital, LLP, and The Surgery Center of Newport Coast, LLC), Subsidiary
Board Members Seymour Temkin - Chair
Alan J. Dilworth - Boardmember
Gil Faclier - Boardmember
Irving R. Gerstein - Boardmember
John T. Perri - Boardmember
Donald Schellpfeffer - Boardmember
Larry L. Teuber - Boardmember
Executive Officers Donald Schellpfeffer - CEO
Larry L. Teuber - President
Michael Salter - CFO
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