Mr. Jason Redman reports

MEDICAL FACILITIES CORPORATION ANNOUNCES GOVERNANCE CHANGES

Medical Facilities Corp. has made certain governance changes following its previously announced sale of Black Hills Surgical Hospital LLP to Sanford Health. In order to compensate the individuals who made significant contributions to the successful sale of Black Hills, the board of directors of Medical Facilities determined to pay transaction bonuses to Jason Redman, chief executive officer, and Michael Gisser, chair of the board, in addition to bonus allocations to other members of the management team. As a result of the transaction bonus paid to Mr. Gisser, the board determined that Mr. Gisser no longer satisfies the independence requirements set forth in National Instrument 52-110, and, accordingly, Mr. Gisser stepped down as a member of the audit committee and as chair of the board so that a chair may be appointed who is independent for purposes of NI 52-110 in furtherance of corporate governance best practices. The board has appointed Adina Storch as the new independent chair of the board.

"I am very proud to have led the board over the past two years through a successful management transition and during the course of its change in strategic direction," said Mr. Gisser. "I look forward to continuing to serve on the board and supporting the corporation's execution of its business strategy."

Jason Redman, chief executive officer, noted: "Michael was an extremely effective chair of the board. We thank him for his service over the past two years and, in particular, for his recent contributions to the Black Hills transaction. I look forward to working with Adina as our new chair and I am confident that her excellent leadership qualities, including financial acumen and executive decision making, will be instrumental to MFC's ongoing success."

"I am honoured for the confidence that the board has placed in me to lead it as its new chair," said Ms. Storch. "I know that the board and executive team, with Jason at the helm, will continue to execute on the corporation's strategy and focus on further value creation for our shareholders."

About Medical Facilities Corp.

Medical Facilities, in partnership with physicians, owns a portfolio of highly rated, high-quality surgical facilities in the United States. Medical Facilities' ownership includes controlling interest in three 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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