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Medical Facilities Corp
(TSX: DR.TO) Add to Watchlist
$5.00
+0.20 (+4.17%)
as of Dec 13, 2019

Medical Facilities Corporation Announces Results of 2019 Annual General Meeting of Shareholders and Appointment of Chair of the Board of Directors

Medical Facilities Corporation (TSX:DR.TO) ("Medical Facilities" or the "Corporation") announced that the nominees listed in the management information circular for the 2019 Annual General Meeting of Shareholders (the "Meeting") held on May 9, 2019 in Toronto were elected as directors of the Corporation.

Detailed results of the votes by proxy for the election of directors held at the Meeting are set out below.

Nominee

           Votes

         % of Votes

            Votes

              % of Votes
                               For               For               Withheld             Withheld

    ---

        David R.
         Bellaire                  9,132,882              98.91%            100,935                     1.09%

    ---

        Marilynne
         Day-
         Linton                    9,167,869              99.29%             65,948                     0.71%

    ---

        Stephen
         Dineley                   9,155,355              99.15%             78,462                     0.85%

    ---

        Erin S.
         Enright                   9,151,082              99.10%             82,735                     0.90%

    ---

        Robert O.
         Horrar                    9,159,950              99.20%             73,867                     0.80%

    ---

        Dale Lawr                  9,005,008              97.52%            228,809                     2.48%

    ---

        Jeffrey C.
         Lozon                     8,905,429              96.44%            328,388                     3.56%

    ---

        Reza Shahim                8,996,922              97.43%            236,895                     2.57%

    ---

At the Meeting, the shareholders of the Corporation also approved the re-appointment of KPMG LLP as auditors of the Corporation and authorized the board of directors of the Corporation (the "Board") to fix their remuneration, with 98.47% of the votes in favour.

The Corporation is pleased to announce that independent director Jeffrey C. Lozon was appointed as Chair of the Board effective immediately following the Meeting to replace Marilynne Day-Linton who has stepped down as Chair of the Board.

The Corporation would also like to acknowledge Senator Irving Gerstein who has retired from the Board. Senator Gerstein has been on the Board since Medical Facilities' inception in March 2004, and has been a valuable and steady advisor to the Corporation since. Robert O. Horrar, President and Chief Executive Officer, commented, "We are thankful to Senator Gerstein for his contributions and guidance over the past years and wish him the very best."

About Medical Facilities

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.

SOURCE Medical Facilities Corporation

View original content: http://www.newswire.ca/en/releases/archive/May2019/09/c1634.html

SOURCE: Medical Facilities Corporation

Tyler Murphy, Chief Financial Officer, Medical Facilities Corporation, 416.848.7380
or 1.877.402.7162, investors@medicalfc.com; Trevor Heisler, Investor Relations,
NATIONAL Capital Markets, 416.848.1434, theisler@national.ca
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