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Medical Facilities Corporation Announces 2023 Second Quarter Results

Newswire.ca - Thu Aug 10, 2023

TORONTO, Aug. 10, 2023 /CNW/ - Medical Facilities Corporation ("Medical Facilities," "MFC," or the "Corporation") (TSX: DR), reported its financial results today for the three-month and six-month periods ended June 30, 2023. The Corporation also announced that subsequent to quarter end, it sold its ownership interests in City Place Surgery Center, St. Luke's Surgery Center of Chesterfield, LLC ("St. Luke's"), and Miracle Hills Surgery Center, LLC for aggregate net proceeds of $2.3 million. The buyer of St. Luke's also assumed debt of $5.0 million and the Corporation was released from its pro-rata guarantee. All amounts are expressed in U.S. dollars unless indicated otherwise.

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