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.
Birmingham, AL – May 19, 2017: Medical Properties Trust, Inc., (NYSE: MPW) has signed definitive agreements to acquire the real estate interests of 11 hospitals across four states to be operated by Steward Health Care, one of the most innovative and successful hospital operators in the United States.
The $1.4 billion transaction includes 10 community-focused acute care hospitals and one behavioral health facility currently operated by IASIS Healthcare in high-growth urban and suburban markets in Utah, Arizona, Texas and Arkansas. Steward and IASIS have separately announced their intention to merge, and MPT’s investment is conditioned upon the completion of that merger agreement.
In a feature story focusing on REIT financing as a source of capital for the expansion of for-profit hospital chains, Modern Healthcare quotes both Medical Properties Trust’s CEO Edward K. Aldag, Jr. and Steward Health Care’s CEO Ralph de la Torré, M.D. on the $1.25 billion deal their companies struck in September.
Entitled “The REIT Way to Finance Growth,” the article lists the transaction among the “Top 10 largest M&A deals in Q3 2016.”
Noting that most healthcare REITs focus their investments on medical office buildings and ambulatory centers, the article acknowledges MPT as “the established leader” in the hospital REIT sector, with 240 facilities in its portfolio.
Medical Properties Trust 2016 Annual Report.