Medical Facilities Corporation ("Medical Facilities," "MFC," or the "Corporation") (TSX: DR), reported its financial results today for the three-month and six-month periods ended June 30, 2026. All amounts are expressed in U.S. dollars unless indicated otherwise.

Q2 2026 Highlights(For continuing operations1, excluding non-controllable, non-cash corporate level charges related to share-based compensation plans, compared to Q2 2025)

"We delivered another solid quarter as a favourable mix of higher-value orthopedic and spine procedures drove growth in revenue, income from operations, and EBITDA," said Jason Redman, President and CEO of Medical Facilities. "At the same time, we returned meaningful capital to shareholders through our NCIB program. In the first half of the year, MFC repurchased 1,655,900 common shares for a total of $21.0 million, including 1,337,500 shares for $17.1 million during the quarter. We continue to remain focused on maximizing value for our shareholders and evaluating opportunities to do so."

Financial Results

Net income fluctuated significantly between the periods, primarily due to variations in non-cash finance costs (change in the value of exchangeable interest liability) and income taxes; these charges are incurred at the corporate level rather than at the facility level.

 

During the quarter, MFC paid a quarterly cash dividend of C$0.09 per common share (or C$0.36 per share on an annualized basis), which represents an annualized yield of 2.01% on the June 30, 2026, closing price of C$17.90 per common share.

On June 30, 2026, MFC had consolidated net working capital of $65.2 million and cash and cash equivalents of $64.1 million compared to net working capital of $54.0 million and cash and cash equivalents of $43.4 million as at December 31, 2025. The change in consolidated net working capital primarily reflects the sale of Oklahoma Spine Hospital, LLC ("OSH") in the first quarter of 2026, resulting in an increase in cash and cash equivalents from the sale proceeds received, partly offset by a reduction in current assets and current liabilities with the removal of OSH's held-for-sale balances.

MFC's financial statements and management's discussion and analysis, for the three and six months ended June 30, 2026, will be filed on SEDAR+ at www.sedarplus.ca on Thursday, August 6, 2026, and will also be available on Medical Facilities' website at www.medicalfacilitiescorp.ca.

Notice of Conference Call

Management of MFC will host a conference call today at 8:30 am ET to discuss its second quarter financial results. You may join the conference call by dialing 1-888-699-1199 approximately 15 minutes prior to the call to secure a line. To join the call without operator assistance, you may register and enter your phone number at https://emportal.ink/4gJqQuk to receive an instant automated call back.

A live audio webcast of the call will be available at https://app.webinar.net/m0MVJ8mBeEj. Please connect at least 15 minutes prior to the call to allow time for any software download that may be required to join the webcast. The webcast will be archived on MFC's website following the call date.

About Medical Facilities

Medical Facilities owns a 51% controlling interest, with its physician partners owning the remaining 49% interest, in two highly rated, high-quality specialty surgical hospitals located in Arkansas and South Dakota. The 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. For more information, please visit www.medicalfacilitiescorp.ca.

Caution concerning forward-looking statements

Statements made in this news release, other than those concerning historical financial information, may be forward-looking and therefore subject to various risks and uncertainties.  Some forward-looking statements may be identified by words like "may", "will", "anticipate", "estimate", "expect", "intend", or "continue" or the negative thereof or similar variations. Certain material factors or assumptions are applied in making forward-looking statements and actual results may differ materially from those expressed or implied in such statements. Factors that could cause results to vary include those identified in Medical Facilities' filings with Canadian securities regulatory authorities such as legislative or regulatory developments, intensifying competition, technological change and general economic conditions. All forward-looking statements presented herein should be considered in conjunction with such filings. Medical Facilities does not undertake to update any forward-looking statements, except as required by applicable law; such statements speak only as of the date made.

 

SOURCE Medical Facilities Corporation

SOURCE: Medical Facilities Corporation

For further information, please contact: David Watson, Chief Financial Officer,
Medical Facilities Corporation, 1-877-402-7162, investors@medicalfc.com; Trevor
Heisler, Investor Relations, MBC Capital Markets Advisors, 416-848-7380,
theisler@mbccapitalmarkets.com

COMTEX_490173544/2197/2026-08-06T07:00:00