Medical Facilities Corporation Announces Management Change

Jason Redman leading a healthcare company

Toronto, October 21, 2022 /CNW/ – Health Care Facilities Corporation (TSX: DR) (“Health Care Facilities” or “Company”) today announced the appointment of Jason Redman as Interim President and Chief Executive Officer (CEO). Rob Horror Retired as President and Chief Executive Officer (CEO) and as a member of the Board of Directors. Mr. Redman joined the Medical Facilities Committee earlier this year and will remain a member of the committee.

Mr. Redman has over 20 years of experience in operations and financial management. He is a seasoned executive who has served as Chief Financial Officer of Newstrike Brands Ltd., Chief Financial Officer of SiriusXM Canada and President of Armtec Infrastructure Inc.

Mr. Redman is a Canadian Chartered Accountant, a Chartered Professional Accountant and a Delaware US Certified Public Accountant. He holds a master’s degree in accounting. University of Waterloo Master of Business Administration from Kellogg School of Management – Northwestern UniversityHe is also a recipient of the Governor General’s Medal of Canada and a former member of the Young Presidents’ Organization – Toronto Chapter.

“The Board of Directors is an extraordinary person who will continue to support the hospital and the center and guide the medical facility towards its strategic goals while continuing the excellence in patient care for which our institution is so well known. I’m sure there’s a lot of people in Jason, their community,” said Michael Gisser, Chairman of the Board of Medical Facilities. “Jason has had a distinguished career in executive leadership and has demonstrated an outstanding record of success. We are confident that we are on the right track when it comes to our announced value enhancement initiatives.”

“I am honored to serve as the leader of our medical facility during this exciting time,” Redman said. “Our company consistently meets the demanding demands of the U.S. healthcare environment and is well positioned to drive financial performance and deliver value to our stakeholders. and look forward to unlocking additional shareholders. Value.”

Rob Horror He has been President and Chief Executive Officer of the medical facility since 2017 and served as Chief Operating Officer prior to his appointment as CEO.

“On behalf of the Board of Directors, I would like to thank Rob Holler for his many years of dedicated leadership and professionalism as CEO of the medical facility and for his significant contributions to the company. We wish Rob every success in his future endeavours,” Geezer commented.

About medical facility corporation

Medical facilities partner with physicians to own a diverse portfolio of highly rated, high-quality surgical facilities. usaMFC’s ownership includes control of four specialty surgical hospitals in the United States. Arkansas, OklahomaWhen south dakotaand Ambulatory Surgery Centers (“ASC”) located in CaliforniaAdditionally, through a partnership with NueHealth LLC, Medical Facilities owns control of five ambulatory surgery centers in New York. Michigan, Missouri, Nebraska, OhioWhen pennsylvaniaMFC also owns a non-controlling interest in a US specialty surgical hospital. Indiana and ASC MissouriSpecialty surgical hospitals perform scheduled surgeries, imaging, diagnostics, and other procedures, including primary and emergency care, and derive revenue from the use of their facilities. ASC specializes in ambulatory surgery and the patient’s stay is less than her 24 hours. For more information, please visit www.medicalfacilitiescorp.ca.

Cautionary Note Regarding Forward-Looking Statements

Statements made in this news release, other than statements regarding historical financial information, may be forward-looking statements and, therefore, are subject to various risks and uncertainties. Some forward-looking statements use words such as “may,” “will,” “anticipate,” “estimate,” “expect,” “intend,” or “continue.” , or its negation, or similar variations, and includes statements about: Publisher bids for our regular courses. Certain important factors or assumptions have been applied in making forward-looking statements and actual results may differ materially from those expressed or implied in such statements. Factors that may cause results to differ include legislative or regulatory developments, increased competition, technological changes, and general economic conditions as identified in filings by medical facilities with Canadian securities regulators. included. All forward-looking statements presented herein should be considered in conjunction with such submissions. Medical Facility does not undertake to update any forward-looking statements. Such statements speak only as of the date they are made.

SOURCE Medical Facilities Corporation

For more information, please contact David Watson, Chief Financial Officer, Medical Facilities Corporation, at 1-877-402-7162, [email protected]Trevor Heisler, Investor Relations, MBC Capital Markets Advisors, (416) 848-7380, [email protected]