Medical Facilities Corporation (TSX: DR) (“Medical Facilities” or the “Company”) announced today that it has sold its interest in Central Arkansas Surgical Center for an undisclosed amount. Medical Facilities had acquired its interest in the ambulatory surgery center (“ASC”) through its joint venture formed with NueHealth, LLC in early 2018. “The sale of our interest in Central Arkansas Surgical Center to local investors is a win-win for all involved,” said Robert Horrar, President and CEO of Medical Facilities. “Despite top notch standard of care and high patient satisfaction ratings, the facility was not a long-term strategic fit for MFC.”
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Source: https://www.newswire.ca/news-releases/medical-facilities-corporation-announces-sale-of-ambulatory-surgical-center-840886646.html