Mr. David Watson reports

MEDICAL FACILITIES CORPORATION ANNOUNCES SECOND QUARTER DIVIDEND

Medical Facilities Corp. has declared a cash dividend payment of 8.05 cents per common share, payable on July 17, 2023, to holders of record of common shares at the close of business on June 30, 2023.

The ex-dividend date for this distribution is June 29, 2023. Medical Facilities designates this dividend to be an "eligible dividend" pursuant to subsection 89(14) of the Income Tax Act (Canada) and its equivalent in any provinces of Canada.

About Medical Facilities Corporation

Medical Facilities, in partnership with physicians, owns a portfolio of highly rated, high-quality surgical facilities in the United States. MFC's ownership includes controlling interest in four specialty surgical hospitals located in Arkansas, Oklahoma, and South Dakota, and an ambulatory surgery center ("ASC") located in California. In addition, through a partnership with NueHealth LLC, Medical Facilities owns a controlling interest in four ambulatory surgery centers located in Michigan, Missouri, Nebraska, and Pennsylvania i. MFC 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.

i As previously disclosed, clinical operations have been closed at Eastwind Surgical, LLC. MFC still owns an interest in the entity which is in the process of being wound down.