Medical Facilities Corp. to pay 180th dividend after hitting $431.6M in revenue

Toronto, Canada-based Medical Facilities Corp. will pay shareholders a cash dividend of about .07 cents per common share.

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The dividend will be payable to holders of record of common shares April 15. It will be the company’s 180th consecutive dividend payment since it was established.

Medical Facilities Corp. holds controlling interest in five specialty surgical hospitals and an ASC, as well as seven additional ASCs through a partnership with Leawood, Kan.-based NueHealth.

In mid-March, the company reported its full-year revenue for 2018 grew 12 percent year-over-year, reaching $431.6 million. The company’s CEO, Robert. O. Horrar, said the company’s seven ASC acquisitions propelled the growth.

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