Medical Facilities Corporation (TSX:DR)
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3 Months : From Aug 2017 to Nov 2017
TORONTO, Aug. 25, 2017 /CNW/ - Medical Facilities Corporation (TSX: DR) ("Medical Facilities" "MFC" or the "Corporation") is pleased to announce that its subsidiary Arkansas Surgical Hospital ("ASH") has entered into a joint venture with Ambulatory Innovation Associates to establish an urgent care center in Little Rock, Arkansas.
"Providing the residents of Little Rock and the surrounding area with a broad range of urgent ambulatory care procedures through this new center reflects our continuing commitment to the highest levels of patient care," said Carrie Helm, CEO of Arkansas Surgical Hospital. "Patients at this new facility will receive the same quality of care and attention to detail as the five-star service they receive at ASH."
The ASH urgent care center will be designed to offer one-stop care for people of all ages who have a non-life-threatening illness or injury. As well as a complete medical staff, the center will provide imaging, laboratory and diagnostic services.
"We are excited to work with Arkansas Surgical Hospital and its affiliated physicians, which have an reputation of unparalleled excellence in the Little Rock community," said Keith Leblanc of Ambulatory Innovation Associates. "We look forward to working with ASH to extend their clinical excellence to the retail medicine space for the benefit of the Little Rock community."
"This addition at ASH is completely in line with our strategy to grow organically by adding services and increasing access points to our hospitals," added Jeffrey Lozon, Interim CEO of Medical Facilities. "We expect this will help further solidify our presence in the community and be a source of referral patients."
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