Medical Facilities Corporation appoints Robert O. Horrar as Chief Operating Officer

Date : 07/25/2017 @ 4:00PM
Source : PR Newswire (Canada)
Stock : Medical Facilities Corp (DR)
Quote : 13.26  0.21 (1.61%) @ 3:15PM
Medical Facilities Corporation share price Chart

Medical Facilities Corporation appoints Robert O. Horrar as Chief Operating Officer

Medical Facilities Corporation (TSX:DR)
Historical Stock Chart

6 Months : From May 2017 to Nov 2017

Click Here for more Medical Facilities Corporation Charts.

TORONTO, July 25, 2017 /CNW/ - Medical Facilities Corporation (TSX: DR) ("Medical Facilities" "MFC" or the "Corporation") is pleased to announce that it has appointed Robert O. Horrar as Chief Operating Officer of the Corporation.

Mr. Horrar is a seasoned healthcare leader with more than 25 years of experience in health plan and hospital operations. He was formerly with Community Health Systems, Inc. which he joined in 1998 as Vice-President of Business Development ultimately reaching the position of Division President responsible for overseeing the operations of affiliated hospitals in Indiana, Tennessee and West Virginia. Before Community Health Systems, Mr. Horrar was with Humana, Inc. for over 11 years and held several key management positions, including Executive Director for Nevada operations. Mr. Horrar holds a Bachelor of Science degree in Economics from Centre College in Kentucky and a Master of Science degree in HealthCare Administration from Trinity University in Texas.

"We are very pleased to be adding Rob to our team," said Jeffrey Lozon, Interim CEO of the Medical Facilities. "His deep experience in hospital operations as well as with an insurance provider will be valuable to us as we execute on our strategy to both grow organically and improve operating margins. He has already taken on some important initiatives that we expect will drive positive results in future quarters."

"MFC has some of the best healthcare facilities in the country and I look forward to working with our local leadership teams to optimize performance and increase market presence as well as forging close ties with our payer stakeholders," stated Mr. Horrar. "With a solid track record of growing case volume and increasing revenue, there are many opportunities to achieve profitable growth."

About Medical Facilities
Medical Facilities owns controlling interests in five specialty surgical hospitals located in Arkansas, Indiana, Oklahoma and South Dakota, as well as an ambulatory surgery center in California. The specialty hospitals perform scheduled surgical, imaging, diagnostic and other procedures, including primary and urgent care, and derive their revenue from the fees charged for the use of their facilities. The ambulatory surgery center specializes in outpatient surgical procedures, with patient stays of less than 24 hours. In addition, Medical Facilities owns controlling interest in a diversified healthcare service company located in Oklahoma City that provides third-party business solutions to healthcare entities such as physician practices, facilities, and insurance companies. Medical Facilities is structured so that a majority of its free cash flow from operations is distributed to the holders of its common shares in the form of dividends. For more information, please visit www.medicalfacilitiescorp.ca.

SOURCE Medical Facilities Corporation

Copyright 2017 Canada NewsWire

Latest TSX:DR Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....


No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts
Your Recent History
TSX
BCE
BCE Inc
TSX
IVN
Ivanhoe Mi..
FX
CADUSD
Canadian D..
USOTC
XUII
Xumanii In..
FX
EURCAD
Euro vs Ca..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:41 V:ca D:20171123 22:09:29