07:44 AM EST, 01/17/2025 (MT Newswires) -- Medical Facilities ( MFCSF ) said Friday that it is commencing a substantial issuer bid for up to $80.8 million of its common shares.

The offer will start around Jan. 20 and expire Feb. 24.

Medical Facilities ( MFCSF ) is proceeding with the bid after completing the sale of of Black Hills Surgical Hospital.

After the bid, Medical Facilities ( MFCSF ) said it will continue to have sufficient financial resources and working capital to conduct its ongoing business and operations.