09:24 AM EDT, 08/07/2025 (MT Newswires) -- Medical Facilities ( MFCSF ) on Thursday reported a surge in net income from continuing operations for the second quarter.

Profit by that measure rose to US$9.6 million, or US$0.20 per share, for the three-months ended June 30 compared with US$2 million, or US$0.11 per share, a year earlier. EPS for Q2 missed consensus estimate compiled by FactSet of US$0.21 per share.

Facility service revenue for the quarter decreased to US$80.6 million, compared with US$81.7 million, a year-ago, missing the consensus estimate compiled by FactSet of US$81.4 million.

"The relocation of a key physician group's clinic, which is the largest orthopedic referral base for SFSH, contributed to fewer high-acuity surgical cases performed at SFSH and a less favourable case/payor mix," said Medical Facilities ( MFCSF ) Chief Executive Jason Redman. "While this relocation adversely impacted SFSH's facility service revenue and income from operations for the quarter, we look forward to the return of normalized operations in the back half of the year."

The company also said it entered into a US$40 million revolving credit facility with a maturity date of August 4, 2028. The borrowers may request an increase in the credit facility of up to US$25 million, subject to certain conditions. This agreement replaces its US$50 million credit agreement, dated August 31, 2022, as amended on November 8, 2024.

Shares of the company closed up 0.7% to $14.99 on Wednesday on the Toronto Stock Exchange.