November 29, 2022

Medical Facilities Corporation Announces Change in Corporate Strategy and Board

Goodmans LLP represented Medical Facilities Corporation (MFC) in connection with its change in corporate strategy after engagement with shareholders, including Converium Capital Inc.

To give effect to that changed strategy, MFC agreed to suspend acquisitions, divest its non-core assets, pursue overhead cost reductions and undertook a substantial issuer bid by way of a "modified Dutch auction". MFC also implemented changes to its board of directors, including appointment of a new Chair and two new independent directors.

Goodmans LLP‘s Ontario disputes group handles a range of contentious matters that includes corporate, commercial and civil litigation, shareholder activism mandates, trust and estate administration disputes, securities litigation and class action defence. — The Legal 500 Canada
Goodmans LLP continues to be a leader in the corporate and M&A space, bringing strength to advising major multinational corporates and financial institutions involved in high-value, multi-jurisdictional M&A, reorganisations and corporate governance matters. — The Legal 500 Canada
The corporate and commercial team has impressive depth with experienced and highly skilled counsel at all relevant levels, from senior partner to junior associate. — Chambers Canada
...a particularly formidable track record in shareholder dispute and hostile take-over bid litigation. — Legal 500 Canada
Clients note, "They have a good team of very experienced lawyers who know the process, " adding, "They have a good bench strength." — Chambers Canada
Clients note, "The client service at Goodmans has always been excellent, and they are very deep from a corporate and financing perspective." — Chambers Global
Interviewees praise the firm's work on cross-border matters, saying: "The team's coordination is superb, its work ethic unparalleled and the service excellent." — Chambers Global
....punches above its weight for big-ticket M&A in Canada, recently advising on substantial transactions in mining, energy, technology and cannabis sectors. — Chambers Global

Practices

Industries

Medical Facilities Corporation Announces Change in Corporate Strategy and Board

Site Search

Medical Facilities Corporation Announces Change in Corporate Strategy and Board

Expertise

Featured Work