Medical Facilities Corporation to Host 2010 Annual Meeting of Shareholders

TORONTO, May 6 /CNW/ - Medical Facilities Corporation ("Medical Facilities" or the "Company") (TSX: DR.UN), invites all interested parties to attend the Annual Meeting of Shareholders on Thursday, May 13, 2010 at 11:00 a.m. In addition to the formal business described in the Management Information Circular, there will be a management presentation on business activities and the Company's 2009 financial results.

    
                   Date:      Thursday, May 13, 2010

                   Time:      11:00 am (ET)

                   Location:  Design Exchange, Patty Watt Room
                              234 Bay Street
                              Toronto, ON
    

To access the live audio broadcast, please visit www.medicalfacilitiescorp.ca.

About Medical Facilities

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.

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For further information: Michael Salter, Chief Financial Officer, Medical Facilities Corp., [phone] or 1-877-402-7162; Salvador Diaz, Investor Relations, The Equicom Group Inc., [phone] or 1-800-385-5451 ext. 242, [email protected]