Mr. Michael Gisser reports

MEDICAL FACILITIES CORPORATION APPOINTS JASON REDMAN AS ITS PERMANENT CEO

Medical Facilities Corp.'s board of directors has appointed Jason Redman to the permanent positions of president and chief executive officer, effective immediately. Mr. Redman had served as interim president and chief executive officer since October, 2022. Mr. Redman will continue to serve on the corporation's board.

"We are pleased to name Jason Redman as the permanent CEO of Medical Facilities Corp.," said Michael V. Gisser, chair of the board of directors. "Since he was appointed interim CEO in October, 2022, Jason led the execution of MFC's updated corporate strategy, including the successful divestiture of non-core assets, realization of overhead cost reductions and a significant return of capital to our shareholders. He has proven to be the right person to steer MFC and drive financial performance, while ensuring our best-in-class surgical facilities and industry-leading patient satisfaction ratings remain a competitive advantage."

"I am honoured to lead Medical Facilities Corp. as its CEO," said Jason Redman, president and CEO of Medical Facilities. "I look forward to working with the dedicated team at MFC to build upon the company's strong foundation and contribute to its ongoing success. Together, we will continue to prioritize the delivery of exceptional health care services to our patients and create sustainable value for our shareholders."

Mr. Redman's recent executive leadership experience includes roles as chief financial officer at Newstrike Brands Ltd., chief financial officer at SiriusXM Canada and president at Armtec Infrastructure Inc.

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 controlling interest in four specialty surgical hospitals located in Arkansas, Oklahoma and South Dakota and an ambulatory surgery centre (ASC) located in California. 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 ASC specializes in outpatient surgical procedures, with patient stays of less than 24 hours.

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