08:30 AM EDT, 03/13/2025 (MT Newswires) -- Medical Facilities ( MFCSF ) on Thursday reported a jump in fourth-quarter profit.
The company, which partners with physicians and owns a portfolio of surgical facilities in the U.S., said profit surged 158% to US$36 million, or US$0.59 per diluted share, from US$14 million, or US$0.29 per diluted share, in the previous corresponding quarter.
Facility service revenue dipped 1.1% to US$91.1 million on slightly lower surgical case volumes.
"While our surgical case volumes in the quarter were marginally impacted by the temporary and industry-wide intravenous saline fluids shortage, our full-year financial results included solid growth in income from operations, adjusted EBITDA, and net income," said Chief Executive Jason Redman.