Mr. David Watson reports

MEDICAL FACILITIES CORPORATION ANNOUNCES RESULTS OF 2023 ANNUAL MEETING OF SHAREHOLDERS

The nominees listed in Medical Facilities Corp.'s management information circular for the 2023 annual meeting of shareholders held on May 11, 2023, via on-line webcast were elected as directors of the corporation.

Detailed results of the votes by proxy and ballot for the election of directors are set out in the attached table.

At the meeting, the shareholders of the corporation also approved the appointment of Grant Thornton LLP as auditor of the corporation and authorized the board of directors of the corporation to fix their remuneration, with 99.08 per cent of the votes in favour.

About Medical Facilities Corp.

Medical Facilities, in partnership with physicians, owns a diverse portfolio of highly rated, high-quality surgical facilities in the United States. Medical Facilities' ownership includes a controlling interest in four specialty surgical hospitals located in Arkansas, Oklahoma and South Dakota and an ambulatory surgery centre (ASC) located in California. In addition, through a partnership with NueHealth LLC, Medical Facilities owns a controlling interest in five ambulatory surgery centres located in Michigan, Missouri, Nebraska, Ohio and Pennsylvania. Medical Facilities also owns a non-controlling interest in an ASC in Missouri. The specialty surgical 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 ASCs specialize in outpatient surgical procedures, with patient stays of less than 24 hours.

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