TORONTO, July 25, 2017 /CNW/ - Medical Facilities
Corporation (TSX: DR) ("Medical Facilities" "MFC" or the
"Corporation") is pleased to announce that it has appointed
Robert O. Horrar as Chief Operating
Officer of the Corporation.
Mr. Horrar is a seasoned healthcare leader with more than 25
years of experience in health plan and hospital operations. He was
formerly with Community Health Systems, Inc. which he joined in
1998 as Vice-President of Business Development ultimately reaching
the position of Division President responsible for overseeing the
operations of affiliated hospitals in Indiana, Tennessee and West
Virginia. Before Community Health Systems, Mr. Horrar was
with Humana, Inc. for over 11 years and held several key management
positions, including Executive Director for Nevada operations. Mr. Horrar holds a Bachelor
of Science degree in Economics from Centre
College in Kentucky and a
Master of Science degree in HealthCare Administration from
Trinity University in Texas.
"We are very pleased to be adding Rob to our team," said
Jeffrey Lozon, Interim CEO of the
Medical Facilities. "His deep experience in hospital operations as
well as with an insurance provider will be valuable to us as we
execute on our strategy to both grow organically and improve
operating margins. He has already taken on some important
initiatives that we expect will drive positive results in future
quarters."
"MFC has some of the best healthcare facilities in the country
and I look forward to working with our local leadership teams to
optimize performance and increase market presence as well as
forging close ties with our payer stakeholders," stated Mr. Horrar.
"With a solid track record of growing case volume and increasing
revenue, there are many opportunities to achieve profitable
growth."
About Medical Facilities
Medical Facilities owns
controlling interests in five specialty surgical hospitals located
in Arkansas, Indiana, Oklahoma and South
Dakota, as well as an ambulatory surgery center in
California. The specialty
hospitals perform scheduled surgical, imaging, diagnostic and other
procedures, including primary and urgent care, and derive their
revenue from the fees charged for the use of their facilities. The
ambulatory surgery center specializes in outpatient surgical
procedures, with patient stays of less than 24 hours. In addition,
Medical Facilities owns controlling interest in a diversified
healthcare service company located in Oklahoma City that provides third-party
business solutions to healthcare entities such as physician
practices, facilities, and insurance companies. Medical Facilities
is structured so that a majority of its free cash flow from
operations is distributed to the holders of its common shares in
the form of dividends. For more information, please visit
www.medicalfacilitiescorp.ca.
SOURCE Medical Facilities Corporation