Medical Facilities Corporation Announces Results of Annual and Special Meeting of Shareholders

TORONTO, May 11, 2017 /CNW/ - Medical Facilities Corporation (TSX: DR) ("Medical Facilities" or the "Corporation") announced that the nominees listed in the management information circular for the 2017 Annual and Special Meeting of Shareholders (the "Meeting") held today 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
For

% of Votes For

Votes
Withheld

% of Votes
Withheld

David R. Bellaire

10,032,488

98.82%

120,088

1.18%

Marilynne Day-Linton

10,044,373

98.93%

108,203

1.07%

Stephen Dineley

10,045,401

98.94%

107,175

1.06%

Irving R. Gerstein

9,708,905

95.63%

443,671

4.37%

Dale Lawr

9,879,129

97.31%

273,447

2.69%

Jeffrey C. Lozon

9,872,740

97.24%

279,836

2.76%

Britt T. Reynolds

10,034,846

98.84%

117,730

1.16%

At the Meeting, the shareholders of the Corporation also (i) approved the re-appointment of KPMG LLP as auditors of the Corporation and authorized the board of directors of the Corporation to fix their remuneration, with 99.15% of the votes in favour; and (ii) approved and ratified the Corporation's stock option plan and certain options granted thereunder, with 87.09% of the votes in favour.

About Medical Facilities
Medical Facilities owns controlling interests in five specialty surgical hospitals located in Arkansas, Indiana, Oklahoma and South Dakota, 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. In addition, Medical Facilities owns controlling interest in a diversified healthcare service company located in Oklahoma City that provides third-party business solutions to healthcare entities such as physician practices, facilities, and insurance companies. 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

For further information: Tyler C. Murphy, Chief Financial Officer, Medical Facilities Corporation, 416.848.7380 or 1.877.402.7162, investors@medicalfc.com; Craig MacPhail, Investor Relations, NATIONAL Equicom, 416.586.1938, cmacphail@national.ca


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