1. MFC’s consolidated facility service revenue was $77 million, up 5.5 percent from 73 million in the third quarter of 2013. The company’s consolidated income from operations was up 6.2% from $20.1 million in 2013 to $21.3 million in the third quarter of this year.
2. “We are pleased to report that in the third quarter of 2014 our centers performed higher levels of surgical cases and pain management procedures, which along with increased ancillary revenues drove consolidated revenue up 5.5 percent over last year,” said CEO Donald Schellpfeffer, MD.
3. MFC’s consolidated operating expenses were a total of $55.6 million, 72.3 percent of revenue, compared to $52.9 million or 72.5 percent of revenue in the prior year period.
4. The company generated Cdn$10.8 million, or Cdn$0.355 per common share, in cash available for distribution. MFC declared dividends of Cdn$8.8 million, or Cdn$0.281 per common share.
5. As of Sept. 30, the company had consolidated net working capital of $43. 9 million, compared to $48.4 million in net working capital as of Dec. 31, 2013.
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