Brief: Medical Facilities Announces Substantial Issuer Bid For Up To $34.5 Million Of Its Common Shares

Medical Facilities

13/09/2022 12:09

Sept 13 (Reuters) - Medical Facilities Corp  DR.TO :
    * MEDICAL FACILITIES CORPORATION ANNOUNCES CHANGE IN
CORPORATE
STRATEGY, CHANGES TO BOARD OF DIRECTORS AND SUBSTANTIAL ISSUER
BID FOR UP TO $34.5 MILLION OF ITS COMMON SHARES
    * MEDICAL FACILITIES CORP - ANNOUNCES ADDITION OF ADINA
STORCH AND
YANICK BLANCHARD AS INDEPENDENT DIRECTORS
    * MEDICAL FACILITIES CORP - HAS MADE A DETERMINATION TO
SHIFT ITS
FOCUS AWAY FROM DEPLOYING A GROWTH STRATEGY THROUGH ACQUISITIONS
    * MEDICAL FACILITIES CORP - PLANS TO SUSPEND ACQUISITIONS,
DIVEST
ITS NON-CORE ASSETS, PURSUE OVERHEAD COST REDUCTIONS
    * MEDICAL FACILITIES - PLANS TO EVALUATE AND IMPLEMENT
STRATEGIES
TO RETURN CAPITAL TO SHAREHOLDERS, INCLUDING COMMENCEMENT OF
SUBSTANTIAL ISSUER BID
    * MEDICAL FACILITIES CORP - STEPHEN DINELEY AND LOIS CORMACK
DETERMINED TO RESIGN FROM BOARD

Source text for Eikon:  ID:nCNW8SXy4a 
Further company coverage:  DR.TO 

 ((Reuters.Briefs@thomsonreuters.com;))