TORONTO, Jan. 3, 2017 /CNW/ - Medical Facilities
Corporation (TSX: DR) ("Medical Facilities" "MFC" or the
"Corporation") is pleased to announce that it has appointed
Tyler Murphy as Chief Financial
Officer of the Corporation.
"MFC is solid financially and well-resourced for the future,"
said Mr. Murphy. "I'm excited to take on the role of CFO to
continue to build on this foundation and help bring Medical
Facilities to the next level of growth and value creation."
Mr. Murphy has over 15 years' experience in senior financial
management in the healthcare industry and prior to joining the
Corporation he served as Vice President and Treasurer with one of
the largest publicly-traded healthcare companies in the United States. Prior to this he was with
another large investor-owned organization as Senior Vice-President,
responsible for treasury, risk management and investor relations.
He holds a Bachelor of Science degree in Business Administration
from Auburn University and an MBA from
the University of Alabama at
Birmingham.
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