Medical Facilities Corporation announces February distribution



    
    /NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
    DISSEMINATION IN THE UNITED STATES/
    

    TORONTO, Feb. 18 /CNW/ - Medical Facilities Corporation (TSX: DR.UN)
("Medical Facilities" or the "Company") announced today that a cash payment of
Cdn$0.0917 per Income Participating Security will be payable on March 16, 2009
to holders of record of Income Participating Securities at the close of
business on February 27, 2009.
    Each of the Company's Income Participating Securities is comprised of one
common share and Cdn$5.90 aggregate principal amount of 12.5% subordinated
notes. The total payment of Cdn$0.0917 reflects a cash dividend of Cdn$0.0302
per common share and an interest payment of Cdn$0.0615 per Cdn$5.90 aggregate
principal amount of 12.5% subordinated notes each for the month of February.
The ex-dividend date for this distribution will be February 25, 2009. 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 owns controlling interests in four specialty surgical
hospitals, located in South Dakota and Oklahoma, as well as two ambulatory
surgery centers in California. The specialty hospitals perform scheduled
surgical, imaging and diagnostic procedures 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 holders of its IPS units, of which a
portion is interest on subordinated debt and a portion is dividend. 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.

    %SEDAR: 00020386E




For further information:

For further information: Michael Salter, Chief Financial Officer,
Medical Facilities Corp., (416) 848-7380 or 1-877-402-7162; Bruce Wigle or
Adriana Braczek, Investor Relations, The Equicom Group Inc., (416) 815-0700 or
1-800-385-5451 ext.228 or 240, bwigle@equicomgroup.com or
abraczek@equicomgroup.com


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