/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR
FOR DISSEMINATION IN THE UNITED STATES/
TORONTO,
Nov. 21, 2018
/CNW/ - Medical Facilities Corporation (TSX: DR) ("Medical
Facilities" or the "Company") announced today that a cash dividend
payment of Cdn$0.09375 per common
share will be payable on December 17,
2018 to holders of record of common shares at the close of
business on November 30, 2018. This will be the Company's
176th consecutive dividend payment since
inception.
The ex-dividend date for this distribution will be
November 29, 2018. 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 surgical facilities in the United States. Medical Facilities'
portfolio includes controlling interest in five specialty surgical
hospitals located in Arkansas,
Indiana, Oklahoma, and South
Dakota, and an ambulatory surgery center located in
California. In addition, through a
partnership with NueHealth LLC, Medical Facilities owns controlling
interest in seven ambulatory surgery centers located in
Arkansas, Michigan, Missouri, Nebraska, Ohio, Oregon,
and Pennsylvania. 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 ambulatory surgery centers specialize in outpatient
surgical procedures, with patient stays of less than 24 hours.
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.
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.
SOURCE Medical Facilities Corporation