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.
Medical Properties Trust, Inc. has announced the acquisition of the real estate assets of CircleBath Hospital in Bath, England, for approximately $50 million.
This marks MPT's first acquisition in the United Kingdom, and its 12th in Europe. As MPT Chairman, President, and CEO Edward K Aldag, Jr. noted, "This is further proof of MPT's significant progress in executing our growth and diversification strategy."
Medical Properties Trust, Inc. has completed the acquisition of Hackensack University Medical Center - Mountainside for approximately $115 million.
This 365-bed general acute care hospital, which now employs more 1,600 people including a medical staff of 665 professionals, has been serving Montclair, New Jersey, and the surrounding communities since 1891.
MPT made its first investment in IASIS in 2008 with the acquisition of the real estate assets of Pioneer Valley Hospital in West Valley City, Utah. Three more IASIS hospitals became part of MPT's portfolio in September.