Medical Facilities Corp Posts Strong Q2 Growth

Medical Facilities (TSE:DR) has released an update.

Medical Facilities Corporation reported an increase in facility service revenue and surgical case volumes for Q2 2024, alongside a significant rise in income from operations and EBITDA. The company also repaid part of its corporate debt and returned funds to shareholders through share repurchase. Following the quarter, it received a substantial forgiveness of PPP loans, which will be recorded as government stimulus income.

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