/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED
STATES/
TORONTO, June 21,
2023 /CNW/ - Medical Facilities Corporation
(TSX: DR) ("Medical Facilities" or the "Company") announced today
that a cash dividend payment of Cdn $0.0805 per common share will be payable on
July 17, 2023, to holders of record
of common shares at the close of business on June
30, 2023.
The ex-dividend date for this distribution is June 29, 2023. Medical Facilities designates this
dividend to be an "eligible dividend" pursuant to subsection 89(14)
of the Income Tax Act (Canada) and
its equivalent in any provinces of Canada.
About Medical Facilities
Corporation
Medical Facilities, in partnership with physicians, owns a
portfolio of highly rated, high-quality surgical facilities in
the United States. MFC's ownership
includes controlling interest in four specialty surgical hospitals
located in Arkansas, Oklahoma, and South
Dakota, and an ambulatory surgery center ("ASC") located in
California. In addition, through a
partnership with NueHealth LLC, Medical Facilities owns a
controlling interest in four ambulatory surgery centers located in
Michigan, Missouri, Nebraska, and Pennsylvaniai. MFC also owns a
non-controlling interest in an ASC in Missouri. The specialty surgical 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
ASCs specialize in outpatient surgical procedures, with patient
stays of less than 24 hours. For more information, please visit
www.medicalfacilitiescorp.ca.
Caution concerning
forward-looking statements
Statements made in this news release, other than those
concerning historical financial information, may be forward-looking
and therefore subject to various risks and uncertainties.
Some forward-looking statements may be identified by words like
"may", "will", "anticipate", "estimate", "expect", "intend", or
"continue" or the negative thereof or similar variations.
Certain material factors or assumptions are applied in making
forward-looking statements and actual results may differ materially
from those expressed or implied in such statements. Factors
that could cause results to vary include those identified in
Medical Facilities' filings with Canadian securities regulatory
authorities such as legislative or regulatory developments,
intensifying competition, technological change and general economic
conditions. All forward-looking statements presented herein
should be considered in conjunction with such filings.
Medical Facilities does not undertake to update any forward-looking
statements; such statements speak only as of the date made.
i As previously disclosed, clinical operations
have been closed at Eastwind Surgical, LLC. MFC still owns an
interest in the entity which is in the process of being wound
down.
SOURCE Medical Facilities Corporation