Medical Properties Trust, Inc. Completes $1.4 Billion Investment in Eleven IASIS Hospitals Now Operated by Steward Health Care
September 29 2017 - 01:31PM
Business Wire
Medical Properties Trust, Inc. (the “Company” or “MPT”) (NYSE:
MPW) today announced that it has completed the previously announced
acquisition of the real estate interests from IASIS Healthcare
Corporation of ten acute care hospitals and one behavioral health
facility with Steward Health Care System LLC (“Steward”) becoming
the facilities’ new operator. Additionally, MPT invested $100
million in minority preferred interests of Steward.
About Medical Properties Trust, Inc.
Medical Properties Trust, Inc. is a Birmingham, Alabama based
self-advised real estate investment trust formed to capitalize on
the changing trends in healthcare delivery by acquiring and
developing net-leased healthcare facilities. MPT’s financing model
allows hospitals and other healthcare facilities to unlock the
value of their underlying real estate in order to fund facility
improvements, technology upgrades, staff additions and new
construction. Facilities include acute care hospitals, inpatient
rehabilitation hospitals, long-term acute care hospitals, and other
medical and surgical facilities. For more information, please visit
the Company’s website at www.medicalpropertiestrust.com.
The statements in this press release that are forward looking
are based on current expectations and actual results or future
events may differ materially. Words such as "expects," "believes,"
"anticipates," "intends," "will," "should” and variations of such
words and similar expressions are intended to identify such
forward-looking statements. Forward-looking statements involve
known and unknown risks, uncertainties and other factors that may
cause the actual results of the Company or future events to differ
materially from those expressed in or underlying such
forward-looking statements, including without limitation: the
satisfaction of all conditions to, and the timely closing (if at
all) of pending transactions; net income per share for 2017 and
2018; Normalized FFO per share for 2017 and 2018; the amount of
acquisitions of healthcare real estate, if any; results from the
potential sales, if any, of assets; capital markets conditions;
estimated leverage metrics; the repayment of debt arrangements;
statements concerning the additional income to the Company as a
result of ownership interests in certain hospital operations and
the timing of such income; the payment of future dividends, if any;
completion of additional debt arrangements, and additional
investments; national and international economic, business, real
estate and other market conditions; the competitive environment in
which the Company operates; the execution of the Company's business
plan; financing risks; the Company's ability to maintain its status
as a REIT for income tax purposes; acquisition and development
risks; potential environmental and other liabilities; and other
factors affecting the real estate industry generally or healthcare
real estate in particular. For further discussion of the factors
that could affect outcomes, please refer to the "Risk factors"
section of the Company's Annual Report on Form 10-K for the year
ended December 31, 2016 and as updated by the Company’s
subsequently filed Quarterly Reports on Form 10-Q and other SEC
filings. Except as otherwise required by the federal securities
laws, the Company undertakes no obligation to update the
information in this press release.
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Medical Properties Trust, Inc.Tim Berryman, 205-969-3755Director
– Investor Relationstberryman@medicalpropertiestrust.com
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