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Medical Facilities Corporation Announces Sale of Ambulatory Surgery Center
Medical Facilities Corporation Announces Sale of Ambulatory Surgery Center Cana...
About this update from Medical Facilities Corporation
[{"type":"text","content":"MedicalFacilities-ASC\n \n \n \n Medical Facilities Corporation Announces Sale of Ambulatory Surgery Center\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n TORONTO, Oct. 1, 2020\n \n \n \n \n \n TORONTO\n \n ,\n \n Oct. 1, 2020\n \n /CNW/ - Medical Facilities Corporation (TSX: DR) (\"Medical Facilities\" or the \"Company\") today announced a definitive agreement to sell its interest in Two Rivers Surgical Center to two of the managing physicians for an undisclosed amount. Medical Facilities acquired interest in this ambulatory surgery center (\"ASC\") through a joint venture with NueHealth, LLC in early 2018.\n \n \n \n \n \n \n \n \n \n \"The sale of our interest in Two Rivers Surgical Center allows us to focus our attention and capital on our current strategic initiatives,\" said\n \n Robert Horrar\n \n , President and CEO of Medical Facilities. \"The overall direction of this ASC had changed considerably since our initial investment and we believe our focus should be directed at other growth opportunities we see in the ASC space, including de novo ASC development, like the recently opened St. Luke's Surgery Center of Chesterfield.\"\n \n \n \n \n About Medical Facilities\n \n \n \n \n Medical Facilities Corporation (\"MFC\"), in partnership with physicians, owns a diverse portfolio of highly rated, high-quality surgical facilities in\n \n the United States\n \n . MFC's ownership includes controlling interest in four specialty surgical hospitals located in\n \n Arkansas\n \n ,\n \n Oklahoma\n \n , and\n \n South Dakota\n \n , and an ambulatory surgery center (\"ASC\") located in\n \n California\n \n . In addition, through a partnership with NueHealth LLC, Medical Facilities owns controlling interest in five ambulatory surgery centers located in\n \n Michigan\n \n ,\n \n Missouri\n \n ,\n \n Nebraska\n \n ,\n \n Ohio\n \n , and\n \n Pennsylvania\n \n . MFC also owns non-controlling interests in a specialty surgical hospital in\n \n Indiana\n \n and an ASC in\n \n Missouri\n \n . The specialty surgical hospitals perform scheduled ...