Medical Facilities Corp., which owns controlling interest in four specialty surgical hospitals and one ambulatory surgery center, has announced security holder approval for its conversion to traditional common share structure, according to a Newswire report.
The conversion from MFC's current IPS structure to a traditional common share structure received the requisite approvals of holders of common shares and 12.5 percent subordinated notes at a special meeting on May 13. The conversion remains subject to approval by the Supreme Court of British Columbia, and will be completed and effective on May 31, 2011.
Medical Facilities Corporation owns controlling interests in four specialty surgical hospitals in South Dakota and Oklahoma and one ASC in California.
Read the Newswire report on Medical Facilities Corporation.
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The conversion from MFC's current IPS structure to a traditional common share structure received the requisite approvals of holders of common shares and 12.5 percent subordinated notes at a special meeting on May 13. The conversion remains subject to approval by the Supreme Court of British Columbia, and will be completed and effective on May 31, 2011.
Medical Facilities Corporation owns controlling interests in four specialty surgical hospitals in South Dakota and Oklahoma and one ASC in California.
Read the Newswire report on Medical Facilities Corporation.
Related Articles on Medical Facilities Corp.:
Medical Facilities Corp. Announces 'Record Year' Results, Revenue Increases 51%
8 Ways to Limit Vendor Reps' Influence Over Surgery Center Surgeons
4 Common Surgery Center Supply Chain Mistakes