Medical Properties Trust, Inc. bridges the gap between the growing demand for high-quality healthcare and the ability to deliver it cost-effectively. Specializing in acute-care, community and rehabilitation hospitals, this healthcare real estate investment trust (REIT) provides operators access to capital for facility improvements, technology upgrades, staff additions and new construction through long-term net leases of real estate assets. By reinvesting non-earning assets into operations, MPT clients are able to participate in the growth of the largest sector of the U.S. economy.
Paradise Recovered
After serving the south San Diego community for more than a century, Paradise Valley Hospital was on the brink of closure in early 2007 when Medical Properties Trust stepped up to purchase the hospital's real estate assets and Prime Healthcare Services stepped in as the new operator. As the San Diego Union-Tribune noted at the time, doubts were mounting that the former faith-based institution could be turned into a profitable entity.
Two years later, it's easy to see how wrong the doubters were. After Prime invested millions in the latest medical technology and upgraded protocols, systems and procedures to match successful models in other Prime facilities, Paradise Valley operated in the black throughout 2008. Morale is running high among physicians and staff, and the community's faith has been restored.
"For a hospital, the first step in providing quality health care is to stay healthy as an institution," the newspaper noted. Follow this link to the full editorial of 2/7/2009.
If you want to see what the future of healthcare looks like, spend a few minutes with Robert A. Behar, M.D., founder, chairman and CEO of North Cypress Medical Center in Houston. more