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Foundation Healthcare Inc (FDNH)

Foundation Healthcare Inc (FDNH)
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Foundation Healthcare Inc, formerly known as Graymark Healthcare Inc, was incorporated on August 18, 2008. The Company is organized under the laws of the state of Oklahoma and is a healthcare services company, focused on owning controlling interests in surgical hospitals and the inclusion of ancillary service lines. It currently owns controlling and non-controlling interests in surgical hospitals located in Texas. It also owns non-controlling interests in ambulatory surgery centers, or ASCs, located in Texas, with the hospitals. The Company focuses on investing in and managing cost effective surgical hospitals that meets the needs of patients, physicians and payors. It also focus on the inclusion of ancillary service lines to surgical hospitals including hyperbarics, sleep labs, intraoperative monitoring, imaging and robotic surgery. The Company has sold or closed all of its freestanding sleep diagnostic and therapy facilities that were located in Oklahoma, Texas, Nevada, Kansas, Missouri and Iowa. The Company competes with other providers for patients, physicians and for contracts with insurers or managed care payors. It is subject to a number of federal and state laws and regulations governing financial and other arrangements among healthcare providers.
(Values in U.S. Thousands) Dec, 2015 Dec, 2014 Dec, 2013 Dec, 2012 Dec, 2011
Sales 127,510 104,840 93,140 16,960 17,510
Sales Growth +21.62% +12.56% +449.17% -3.14% -23.07%
Net Income 5,900 -1,310 -19,400 -22,450 -5,890
Net Income Growth +550.38% +93.25% +13.59% -281.15% +69.23%
(Values in U.S. Thousands) Dec, 2015 Dec, 2014 Dec, 2013 Dec, 2012 Dec, 2011
Total Assets 119,920 59,530 55,270 7,080 27,990
Total Assets Growth +101.44% +7.71% +680.65% -74.71% -2.44%
Total Liabilities 126,850 75,630 70,550 24,230 23,160
Total Liabilities Growth +67.72% +7.20% +191.17% +4.62% -18.79%
(Values in U.S. Thousands) Dec, 2015 Dec, 2014 Dec, 2013 Dec, 2012 Dec, 2011
Operating Cash Flow 9,060 2,450 2,050 -3,640 -3,800
Operating Cash Flow Growth +269.80% +19.51% +156.32% +4.21% +3.06%
Net Cash Flow 2,200 -1,350 1,180 -4,660 4,280
Change in Net Cash Flow +262.96% -214.41% +125.32% -208.88% +1,437.50%
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