2016 Annual Report

Optimized.
Enhanced.

Delivering value by capitalizing on opportunities in the U.S. healthcare landscape.

2016 Highlights1

$339.5M

Revenue

$68.1M

income from operations

20.1%

operating margin

C$50.7M

cash available for distribution2

69.0%

payout ratio2

153

consecutive dividends since inception

1All figures in US$ unless otherwise stated.
2Non-IFRS Financial Measures. Refer to Medical Facilities’ 2016 Management’s Discussion and Analysis.

The U.S. Healthcare Facility Landscape

To deliver improved efficiency, patient care and accessibility the traditional hospital has evolved.

Growth Strategy

In 2017, MFC will continue to focus on growth through acquisition of new facilities and expansion of revenue and capacity at our specialty surgical hospitals and ambulatory surgery center. Each initiative will be accretive and add to long-term shareholder value.