/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES/
TORONTO, March 17 /CNW/ - Medical Facilities Corporation (TSX:DR.UN) (the
"Corporation") will release its 2007 fourth quarter and year end financial
results prior to market opening on March 24, 2008. Following the release,
Management of Medical Facilities will host a conference call at
10:00 a.m. (EST) to review the financial results. All interested parties are
invited to participate. You can join the call by dialing 416-644-3414 or
1-800-733-7571. 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 Monday, March 31, 2008 by calling
1-877-289-8525 or 416-640-1917, reference number 21262576 followed by the
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
listen to the webcast. An archive of the webcast will be available for
The Corporation's 2007 fourth quarter and year end financial statements
and Management's Discussion & Analysis, for the three and twelve month periods
ended December 31, 2007 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
Medical Facilities Corporation owns at least 51% interests in four
specialty surgical hospitals, located in South Dakota and Oklahoma, as well as
51% interests in 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 Income Participating Securities, of which a portion is interest
payment on subordinated debt and a portion is dividend. For more information,
please visit www.medicalfacilitiescorp.ca.
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: email@example.com