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 Corporation
For further information: Michael Salter
Chief Financial Officer
Medical Facilities Corporation
(416) 848-7380 or 1-877-402-7162
investors@medicalfc.com
Salvador Diaz
Investor Relations
TMX Equicom
(416) 815-0700 or 1-800-385-5451 ext. 242
sdiaz@tmxequicom.com