Medical Facilities Corp. had a strong third quarter, increasing its surgical caseload by 47.4 percent.
Here are seven takeaways from MFC's first-quarter earnings report.
1. MFC increased revenues 17.1 percent year over year to $104.2 million
2. Operations-related income increased 32.9 percent, reaching $16.5 million.
3. EBITDA increased 17.1 percent to $22.6 million.
4. MFC's only decrease during the quarter was in distributable cash, which dropped23.4 percent to about $7.36 million USD.
5. MFC did not announce its yearly projections.
MFC President and CEO Robert Horrar said, "Our strong financial results for the quarter are a testament to the diversification across our portfolio. "