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GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0% GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0%
M&A / Property

Medical Facilities Corporation Announces Sale of Oklahoma Spine Hospital, LLC and The Surgery Center of Newport Coast, LLC

By The Northwire Desk — AI Analysis Feb 02, 2026 · 07:00 DR · 15.17 MEDICAL FACILITIES CORPORATION
DR · Price

Executive Summary

  • Medical Facilities Corporation (TSX: DR) completed the sale of its 63.96% interest in Oklahoma Spine Hospital, LLP for a total purchase price of $46.0 million.
  • The corporation also sold The Surgery Center of Newport Coast, LLC for $1.5 million on December 31 2025.
  • Proceeds are being evaluated for possible share repurchases, a substantial issuer bid, or shareholder distributions, indicating a strategic redeployment of capital.

Key Details

  • Transaction 1 – Oklahoma Spine Hospital (OSH):
  • Buyer: SSM Health Care of Oklahoma, Inc. (55.50032% equity) and OSH physician partners (8.45523% equity).
  • Sold interest: 63.95555% held by Medical Facilities (USA) Holdings Inc. (MFH).

  • Purchase price: $46.0 million (U.S. dollars), subject to customary purchase‑price adjustments.

  • Financial contribution of OSH (FY 2024):

  • Facility service revenue: $76.4 million (23.0% of MFC’s consolidated facility service revenue).

  • Income from operations: $6.7 million (13.6% of MFC’s consolidated income from operations).

  • Transaction 2 – The Surgery Center of Newport Coast, LLC:

  • Buyer: Newport Center GK, LLC.

  • Sale price: $1.5 million; closed on December 31 2025.

  • Use of Proceeds (pending):

  • Evaluation of alternatives including:

    • Repurchasing shares under the normal‑course issuer bid (NCIB).
    • Initiating a substantial issuer bid (SIB).
    • Making cash distributions to shareholders.

  • Strategic Rationale:

  • Divestitures align with MFC’s strategy to maximize shareholder returns and focus on core assets, as noted by Chair Adina Storch.

Notable Quotes

“We are pleased to have worked alongside such a talented group to achieve our shared goals and remain confident that OSH is well positioned for future success under SSM's leadership.” – Jason Redman, President & CEO, Medical Facilities Corporation

“This transaction aligns with MFC's strategic direction, allowing us to maximize the return of capital to our shareholders and to focus on our core assets.” – Adina Storch, Chair of the Board of Directors, MFC

Materiality Assessment: Material – Positive (significant cash proceeds and strategic redeployment impacting shareholder value).

Read the original news release →

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