Medical Facilities Corporation (MFC) owns 51%+ interest in five specialty surgical hospitals, located in South Dakota, Oklahoma, and Arkansas, as well as 51% in an ambulatory surgery center in California. The specialty surgical hospitals ("SSHs") perform scheduled surgical, imaging and diagnostic procedures and, combined, have a total of 43 operating rooms and 142 overnight rooms. The ambulatory surgery center ("ASC") specializes in outpatient procedures, with patient stays of less than 24 hours. The ASC has three operating rooms and one procedure room.

Our unique management philosophy focuses on efficiency and productivity of our facilities. MFC revenues come from the facility fee charged to the patient, or their insurer. This facility fee is for the use of our infrastructure, surgical equipment, nursing staff, non-surgical professional services, drugs and supplies, and other support services.

The MFC specialty hospitals are dramatically different than traditional hospitals. Our goal is to create a superior environment so that use of our facilities is the first choice of patients and their surgeons. We achieve a superior environment by focusing on a limited number of surgical, imaging and diagnostic procedures, and by offering 'five star hotel' surroundings and service. For the surgeon, the MFC hospitals provide efficiency and increased productivity as well as a pleasant work environment. We offer surgeons such benefits as the ability to schedule consecutive cases without pre-emption by emergency procedures, efficient turnaround time between cases and simplified administrative procedures. For the payor, we provide a competitive alternative to traditional hospitals.

MFC pays out a majority of its free cash flows from operations to holders of its common shares in the form of a monthly dividend. MFC is a British Columbia corporation and is considered Canadian property. Its common shares trade on the Toronto Stock Exchange under the symbol DR.