MPT Acquires Real Estate Assets of Two Missouri Hospitals, Expanding the Relationship with Prime Heathcare Services, a National Leader

Medical Properties Trust, Inc. has invested $150 million in two general hospitals in Missouri operated by Prime Healthcare Services.

St. Joseph Medical Center in Kansas City is a Joint Commission accredited, 310-bed facility providing a wide range of acute care and outpatient services from a 24-hour emergency department to state-of-the-art cardiovascular care. This award-winning hospital features a heart institute and stroke center, a joint and spine institute, a women’s health institute with a birthing center, and an inpatient rehabilitation center.

St. Mary's Medical Center in Blue Springs is a Joint Commission accredited, 146-bed facility providing a similar array of services. Both St. Joseph’s and St. Mary’s rank among only 256 hospitals nationwide to be honored for implementing higher standards of care for heart attack patients.

MPT’s investments in these hospitals mark the company’s continued relationship with Ontario, California-based Prime Healthcare Services.

“When we made our first investment in Prime in 2005, the company operated only one hospital,” noted MPT Chairman and CEO Edward K. Aldag, Jr. “Since then, Prime has grown into one of the leading for-profit hospital operators in the United States, with 34 acute care hospitals across 10 states and more than 35,000 employees.”

“We are delighted to play a role in Prime’s continuing success as it further expands its footprint across the country and achieves wide recognition for the quality of patient care that it provides,” Aldag added.

In 2013, Prime ranked among the “15 Top Health Systems” in the United States, according to Truven Health Analytics (formerly Thomson Reuters).