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. (NYSE: MPW) has agreed to merge Capella Healthcare, Inc. into RegionalCare Hospital Partners, an affiliate of Apollo Global Management, LLC (NYSE: APO), to create one of the largest healthcare operating companies in the United States.
Capella and RegionalCare currently operate 18 hospitals across 12 states, with no overlap, generating annual revenues of $1.7 billion.
The merger was made possible by MPT’s agreement to sell its equity interest in Capella’s operations, which it had acquired in August 2015 as part of a larger agreement to purchase the real estate assets of seven Capella facilities.
“This announced merger between Capella and RegionalCare demonstrates the significant value of MPT’s assets as well as the power of our underwriting process,” said Edward K. Aldag, Jr., Chairman, President and CEO of Medical Properties Trust. “It also underscores MPT’s commitment to further strengthen our balance sheet in accordance with our corporate targets.”
Birmingham, AL – July 8, 2015: Ten years ago today, the stock of Birmingham-based Medical Properties Trust began trading under the ticker symbol “MPW.”
At the end of trading this afternoon, in celebration of completing 10 years as a New York Stock Exchange-listed company, Medical Properties Trust’s Chairman, President and CEO Edward K. Aldag, Jr. rang the Exchange’s closing bell with the help of Executive Vice Presidents R. Steven Hamner and Emmett E. McLean and a group of MPT board members and employees.
It was a special moment for all of them, concluding a hectic day when the Exchange closed down for several hours due to rare technical difficulties. As Aldag noted, “It was especially gratifying to be ringing the bell again – 10 years down a remarkable road in our company’s relatively short history – with many people present who have worked so hard to bring us this far.”
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.