TORONTO, May 11, 2018 /CNW/ - Medical Facilities
Corporation (TSX: DR) ("Medical Facilities" or the "Corporation") announced that the nominees listed in the management
information circular for the 2018 Annual General Meeting of Shareholders (the "Meeting") held on May 10, 2018 in
Toronto were elected as directors of the Corporation.
Detailed results of the votes by proxy for the election of directors held at the Meeting are set out below.
Nominee
|
Votes
For
|
% of Votes
For
|
Votes
Withheld
|
% of Votes
Withheld
|
David R. Bellaire
|
6,096,850
|
98.48%
|
94,407
|
1.52%
|
Marilynne Day-Linton
|
6,108,708
|
98.67%
|
82,549
|
1.33%
|
Stephen Dineley
|
6,094,700
|
98.44%
|
96,557
|
1.56%
|
Irving R. Gerstein
|
6,027,010
|
97.35%
|
164,247
|
2.65%
|
Robert O. Horrar
|
6,115,400
|
98.77%
|
75,857
|
1.23%
|
Dale Lawr
|
6,105,907
|
98.62%
|
85,350
|
1.38%
|
Jeffrey C. Lozon
|
6,056,878
|
97.83%
|
134,379
|
2.17%
|
Reza Shahim
|
6,087,146
|
98.32%
|
104,111
|
1.68%
|
At the Meeting, the shareholders of the Corporation also approved the re-appointment of KPMG LLP as auditors of the
Corporation and authorized the board of directors of the Corporation to fix their remuneration, with 98.62% of the votes in
favour.
About Medical Facilities
Medical Facilities, in partnership with physicians, owns surgical facilities in the United
States. Medical Facilities' portfolio includes controlling interest in five specialty surgical hospitals located in
Arkansas, Indiana, Oklahoma,
and South Dakota, and an ambulatory surgery center located in California. In addition, through a partnership with NueHealth LLC, Medical Facilities owns majority interest
in seven ambulatory surgery centers located in Arkansas, Michigan, Missouri, Nebraska, Ohio, Oregon, and Pennsylvania. 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 ambulatory surgery centers specialize
in outpatient surgical procedures, with patient stays of less than 24 hours. In addition, Medical Facilities owns a
controlling interest in a diversified healthcare service company located in Oklahoma City that
provides third-party business solutions to healthcare entities such as physician practices, facilities, and insurance companies.
Medical Facilities is structured so that a majority of its free cash flow from operations is distributed to the holders of its
common shares in the form of dividends. For more information, please visit www.medicalfacilitiescorp.ca.
SOURCE Medical Facilities Corporation
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