mfc logo          
image1 image2 image3
background facility logo
subheading Overview
Medical Facilities Corporation (MFC) owns 51%+ interest in four specialty surgical hospitals, located in South Dakota and Oklahoma, as well as 51% in two ambulatory surgery centers in California. The specialty hospitals perform scheduled surgical, imaging and diagnostic procedures and, combined, have a total of 30 operating rooms and 51 recovery beds. The ambulatory surgery centers ("ASC") specialize in outpatient procedures, with patient stays of less than 24 hours. The ASCs have a combined total of five operating rooms and one procedure room.

While MFC is a British Columbia corporation, it is designed to be similar to Canadian Income Trusts. The issuance of "Income Participating Securities" ("IPS") provides a tax efficient distribution of the cash flow from the business to the investors. An IPS represents a direct interest in a dividend-paying common share and interest-paying subordinated note. MFC is considered Canadian property and trades on the TSX under the symbol DR.UN.

Our unique management philosophy focuses on efficiency and productivity of our facilities. MFC revenues come 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.

The MFC specialty hospitals are dramatically different than traditional hospitals. Our goal is to create a superior environment so that use of our facilities is the first choice of patients and their surgeons. We achieve a superior environment by focusing on a limited number of surgical, imaging and diagnostic procedures,and by offering 'five star hotel' surroundings and service. For the surgeon, the MFC hospitals provide efficiency and increased productivity as well as a pleasant work environment. We offer surgeons such benefits as the ability to schedule consecutive cases without pre-emption by emergency procedures, efficient turnaround time between cases and simplified administrative procedures. For the payor, we provide a competitive alternative to traditional hospitals.

 
 
 
 
OVERVIEW
BUSINESS MODEL
INDUSTRY
GROWTH STRATEGIES
MANAGEMENT PHILOSOPHY
MANAGEMENT BIOS