Medical Facilities Corporation appoints Tyler Murphy as Chief Financial Officer

TORONTO, Jan. 3, 2017 /CNW/ - Medical Facilities Corporation (TSX: DR) ("Medical Facilities" "MFC" or the "Corporation") is pleased to announce that it has appointed Tyler Murphy as Chief Financial Officer of the Corporation.

"MFC is solid financially and well-resourced for the future," said Mr. Murphy. "I'm excited to take on the role of CFO to continue to build on this foundation and help bring Medical Facilities to the next level of growth and value creation."

Mr. Murphy has over 15 years' experience in senior financial management in the healthcare industry and prior to joining the Corporation he served as Vice President and Treasurer with one of the largest publicly-traded healthcare companies in the United States. Prior to this he was with another large investor-owned organization as Senior Vice-President, responsible for treasury, risk management and investor relations. He holds a Bachelor of Science degree in Business Administration from Auburn University and an MBA from the University of Alabama at Birmingham.

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

Britt T. Reynolds, Chief Executive Officer, Medical Facilities Corp., 615.732.6052, [email protected]; Craig MacPhail, Investor Relations, NATIONAL Equicom, 416.586.1938, [email protected]