Notice of Medical Facilities Corporation's Fiscal 2006 Year End Financial Results Conference Call



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

    TORONTO, March 16 /CNW/ - Medical Facilities Corporation (TSX:DR.UN) will
release its 2006 fourth quarter and year end financial results via
www.newswire.ca prior to market opening on March 23, 2007. Following the
release, Medical Facilities will host a conference call at 10:00am (EST) to
review the financial results. You can join the call by dialing 416-644-3415 or
1-800-733-7560. All interested parties are invited to participate. Please call
in 15 minutes prior to the call to secure a line. You will be put on hold
until the conference call begins.
    Dr. Donald Schellpfeffer, Chief Executive Officer, and Michael Salter,
Chief Financial Officer will chair the call. A question and answer session
will follow, at which time the operator will direct participants as to the
correct procedure for submitting questions. A taped replay of the conference
call will also be available until Friday, March 30, 2007 by calling
1-877-289-8525 or 416-640-1917, reference number 21219954 followed by the
number sign.
    A live audio webcast of the conference call will be available through
www.newswire.ca. Please connect at least 15 minutes prior to the conference
call to ensure adequate time for any software download that may be needed to
hear the webcast. An archived replay of the webcast will be available for 90
days.
    The Corporation's 2006 fourth quarter and year end financial statements
and Management's Discussion & Analysis, for the three and twelve-month periods
ended December 31, 2006 will be filed with SEDAR following the release and
will be available via MFC's web site at www.medicalfacilitiescorp.ca

    About Medical Facilities Corporation
    MFC owns controlling interests in four surgical hospitals, three located
in South Dakota and one in Oklahoma. The four hospitals perform scheduled
surgical, imaging and diagnostic procedures and derive their revenue from the
fees charged for the use of their facilities. The Corporation is structured so
that a majority of its free cash flows from operations are distributed to
holders of its IPS with a portion of such distributions being interest
payments on the subordinated debt component. For more information, please
visit www.medicalfacilitiescorp.ca

    %SEDAR: 00020386E




For further information:

For further information: Michael Salter, Chief Financial Officer,
Medical Facilities Corp., (416) 848-7980 or 1-877-402-7162; Bruce Wigle,
Investor Relations, The Equicom Group Inc., (416) 815-0700 ext. 228, or
1-800-385-5451 ext.228, Email: bwigle@equicomgroup.com


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