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NEWS RELEASE MEDICAL mfc FACILITIES CORPORATION Medical Facilities Corporation Reports 2021 Second Quarter Financial Results TORONTO , Ontario , August 12 , 2021 - 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 , 2021. All amounts are expressed in U.S. dollars unless indicated otherwise . Q2 2021 Summary ( For continuing operations¹ compared to Q2 2020 ) • Facility service revenue increased 44.2 % to $ 97.6 million ; • Total revenue and other income increased 10.5 % to $ 98.1 million , despite a decrease of $ 20.6 million in government stimulus income ; • Income from operations decreased 3.7 % to $ 16.9 million ; and , • EBITDA² decreased 3.7 % to $ 23.7 million . " The volume recovery continued in the second quarter as we neared pre - pandemic levels ” , said Robert O. Horrar , President and CEO of Medical Facilities . " We continue to be cautiously optimistic in our outlook for the remainder of 2021. While vaccines continue to roll out across the country , there is still a lot of uncertainty due to the Delta variant . Our balance sheet remains strong and we are well- positioned to evaluate the right growth opportunities in the back half of 2021. " Financial Results Financial Results from Continuing Operations ( thousands of U.S. dollars , except per share amounts and where For the three months ended June 30 For the six months ended June 30 2021 % change 2020 2021 % change 2020 otherwise noted ) Facility service revenue 97,572 Government stimulus income 572 44.2 % ( 97.3 % ) Total revenue and other income 98,144 67,659 191,568 21,145 4,705 10.5 % 88,804 196,273 19.4 % 160,421 ( 77.7 % ) 21,145 Consolidated operating expenses 81,202 Income from operations 16,942 Finance costs ( net interest 1,615 14.0 % 71,218 ( 3.7 % ) 17,586 76.5 % 915 160,972 35,301 3,157 8.1 % 5.2 % 152,945 23.3 % 28,621 34.3 % 2,351 181,566 expense ) Finance costs ( changes in values of derivative instruments and ( 192 ) ( 103.5 % ) 5,535 4,457 892.7 % 449 gain / loss on foreign currency ) Share of equity loss in associates 100 ( 79.0 % ) 476 142 ( 84.8 % ) 934