Medical Properties Trust, Inc. Appoints Head of Corporate Communications
June 08 2020 - 8:30AM
Business Wire
Drew Babin Hired as Senior Managing
Director
Medical Properties Trust, Inc. (the “Company” or “MPT”) (NYSE:
MPW) today announced the addition of Drew Babin, CFA to head the
Company’s corporate communication strategy. Tim Berryman, who was
recently promoted to Managing Director – Investor Relations,
remains a key member of the MPT team and will support Drew’s
efforts.
“We have known Drew for quite some time now and have always
respected his understanding of the MPT model and how it fits in
with the healthcare delivery systems around the world. With MPT’s
growth over the last six years and a market cap above ten billion
dollars, we are delighted to utilize his knowledge and expertise in
guiding our corporate communications into the next level,” said
Edward K. Aldag, Jr., Chairman, President, and CEO of MPT.
Drew joins the Company from Robert W. Baird & Co., Inc.
where he served as a Senior Research Analyst responsible for
coverage of US Healthcare and Residential REITs for more than five
years. Prior to his tenure at Baird, Babin was a Senior Analyst at
CBRE Clarion Securities for nearly nine years with responsibilities
spanning several North American real estate segments. Drew holds a
B.A. in Economics from Middlebury College and is a CFA
charterholder.
“I am excited and grateful to join MPT during this stage of
international growth and to build upon the firm foundation of
investor and analyst communication that Tim Berryman has
established. I thank executive management for this opportunity to
further evolve the Company’s communications strategy based on
valuable feedback from stakeholders as well as my experience as an
investor and analyst.”
About Medical Properties Trust, Inc.
Medical Properties Trust, Inc. is a self-advised real estate
investment trust formed in 2003 to acquire and develop net-leased
hospital facilities. From its inception in Birmingham, Alabama, the
Company has grown to become one of the world’s largest owners of
hospitals with 389 facilities and more than 41,000 licensed beds in
eight countries and across three continents. MPT’s financing model
facilitates acquisitions and recapitalizations and allows operators
of hospitals to unlock the value of their real estate assets to
fund facility improvements, technology upgrades and other
investments in operations. For more information, please visit the
Company’s website at www.medicalpropertiestrust.com.
This press release includes forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. Forward-looking statements can generally be identified by
the use of forward-looking words such as “may”, “will”, “would”,
“could”, “expect”, “intend”, “plan”, “estimate”, “target”,
“anticipate”, “believe”, “objectives”, “outlook”, “guidance” or
other similar words, and include statements regarding our
strategies, objectives, future expansion and development
activities, and expected financial performance. Forward-looking
statements involve known and unknown risks and uncertainties that
may cause our actual results or future events to differ materially
from those expressed in or underlying such forward-looking
statements, including, but not limited to: (i) the economic,
political and social impact of, and uncertainty relating to, the
COVID-19 pandemic, including governmental assistance to hospitals
and healthcare providers, including certain of our tenants; (ii)
the ability of our tenants, operators and borrowers to satisfy
their obligations under their respective contractual arrangements
with us, especially as a result of the adverse economic impact of
the COVID-19 pandemic, and government regulation of hospitals and
healthcare providers in connection with same, such as mandatory
deferrals of non-critical surgeries and intake of COVID-19 patients
(as further detailed in our Current Report on Form 8-K filed with
the SEC on April 8, 2020); (iii) our expectations regarding annual
run-rate net income and NFFO per share; (iv) our success in
implementing our business strategy and our ability to identify,
underwrite, finance, consummate and integrate acquisitions and
investments; (v) the nature and extent of our current and future
competition; (vi) macroeconomic conditions, such as a disruption of
or lack of access to the capital markets; (vii) our ability to
obtain debt financing on attractive terms or at all, which may
adversely impact our ability to pursue acquisition and development
opportunities and pay down, refinance, restructure or extend our
indebtedness as it becomes due; (viii) increases in our borrowing
costs as a result of changes in interest rates and other factors,
including the potential phasing out of LIBOR after 2021; (ix)
international, national and local economic, real estate and other
market conditions, which may negatively impact, among other things,
the financial condition of our tenants, lenders and institutions
that hold our cash balances, and may expose us to increased risks
of default by these parties; (x) factors affecting the real estate
industry generally or the healthcare real estate industry in
particular; (xi) our ability to maintain our status as a REIT for
federal and state income tax purposes; (xii) federal and state
healthcare and other regulatory requirements, as well as those in
the foreign jurisdictions where we own properties; (xiii) the value
of our real estate assets, which may limit our ability to dispose
of assets at attractive prices or obtain or maintain equity or debt
financing secured by our properties or on an unsecured basis; (xiv)
the ability of our tenants and operators to comply with applicable
laws, rules and regulations in the operation of the our properties,
to deliver high-quality services, to attract and retain qualified
personnel and to attract residents and patients; and (xv) potential
environmental contingencies and other liabilities.
The risks described above are not exhaustive and additional
factors could adversely affect our business and financial
performance, including the risk factors discussed under the section
captioned “Risk Factors” in our Annual Report on Form 10-K for the
year ended December 31, 2019 and as updated by the Company’s
subsequently filed Quarterly Reports on Form 10-Q and other SEC
filings. Forward-looking statements are inherently uncertain and
actual performance or outcomes may vary materially from any
forward-looking statements and the assumptions on which those
statements are based. Readers are cautioned to not place undue
reliance on forward-looking statements as predictions of future
events. We disclaim any responsibility to update such
forward-looking statements, which speak only as of the date on
which they were made.
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version on businesswire.com: https://www.businesswire.com/news/home/20200608005317/en/
Drew Babin, CFA Sr. Managing Director – Corporate Communications
Medical Properties Trust, Inc. (646) 884-9809
dbabin@medicalpropertiestrust.com
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