TORONTO, July 27, 2023 /CNW/ - Medical Facilities Corporation (TSX: DR) ("Medical Facilities" or "MFC") will release its second quarter 2023 financial results prior to market open on Thursday, August 10, 2023. MFC's financial statements and management's discussion and analysis for the three-month period ended June 30, 2023 will be filed on SEDAR at www.sedar.com following the release, and will also be available on the same day on MFC's website at www.medicalfacilitiescorp.ca. Management will host an earnings conference call to review the financial results at 8:30 a.m. ET the same morning.

All interested parties may join the conference call by dialing 416-764-8650 or 1-888-664-6383 approximately 15 minutes prior to the call to secure a line. You will be put on hold until the conference call begins. A question-and-answer session will follow management's prepared remarks, at which time the operator will provide instructions to qualified equity analysts for submitting questions.

To join the conference call without operator assistance, you may register and enter your phone number at https://emportal.ink/44Ihcis to receive an instant automated call back.

Webcast Registration

A live audio webcast of the call will be available at https://bit.ly/MFC2023Q2. Please connect at least 15 minutes prior to the conference call to ensure adequate time for any software download that may be required to join the webcast. The webcast will be archived on MFC's website following the call date.

Medical Facilities, in partnership with physicians, owns a diverse 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 two ASCs located in Michigan and Nebraskaⁱ. 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.

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ⁱ As previously disclosed, clinical operations have been closed at Eastwind Surgical, LLC. Clinical operations were also closed at Riverview Ambulatory Surgical Centre, LLC, during the second quarter. Each of these entities is in the process of being wound down. On July 1, 2023, the Corporation sold all of its controlling interest in City Place Surgery Center, together with its non-controlling interest in St. Luke's Surgery Center of Chesterfield, LLC.