Medical Facilities Corporation Announces Appointment of New Independent Director
TORONTO, Jan. 14, 2013 /CNW/ - Medical Facilities Corporation ("Medical Facilities" or the "Company") (TSX: DR) today announced the addition of Marilynne Day-Linton to the Company's Board of Directors.
Ms. Day-Linton brings extensive financial management and consulting experience to Medical Facilities' Board, including board positions with several not-for-profit groups. She is a member of the Board of the Greater Toronto Airports Authority (GTAA). Since her appointment to the GTAA Board in 2004, she served as Chair of the Audit Committee from 2007 to 2008 and Chair of the Board for two terms from 2008 to 2012. Her business experience spans from public accountancy at KPMG to senior finance roles at companies in the travel and aviation industries to financial consulting.
Ms. Day-Linton currently serves as Chair of the Board for St. Joseph's Health Centre Foundation in Toronto. She is a Chartered Accountant and has an honours degree in Business Administration from Wilfrid Laurier University.
"We are very pleased to have Marilynne join our Board," said Seymour Temkin, Chairman of the Board. "Her strong experience in financial management, combined with Chair positions at multi-stakeholder organizations, makes her a valuable addition to Medical Facilities. We look forward to and welcome her contribution to the Company's continued success in creating value for our shareholders."
About Medical Facilities
Medical Facilities owns controlling interests in five specialty surgical hospitals located in South Dakota, Arkansas and Oklahoma, 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. Medical Facilities is structured so that a majority of its available 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 CorporationFor further information:
Chief Financial Officer
Medical Facilities Corporation
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