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.
In a feature story focusing on REIT financing as a source of capital for the expansion of for-profit hospital chains, Modern Healthcare quotes both Medical Properties Trust’s CEO Edward K. Aldag, Jr. and Steward Health Care’s CEO Ralph de la Torré, M.D. on the $1.25 billion deal their companies struck in September.
Entitled “The REIT Way to Finance Growth,” the article lists the transaction among the “Top 10 largest M&A deals in Q3 2016.”
Noting that most healthcare REITs focus their investments on medical office buildings and ambulatory centers, the article acknowledges MPT as “the established leader” in the hospital REIT sector, with 240 facilities in its portfolio.
Birmingham, AL – October 3, 2016: Medical Properties Trust, Inc. has completed the acquisition of real estate interests of nine acute care hospitals operated by Boston-based Steward Health Care System, LLC, the largest for-profit healthcare provider in Massachusetts, setting the stage for Steward’s national growth.
The closing included MPT’s investment of $1.2 billion in sale-leaseback and mortgage transactions for the real estate assets, plus its commitment of $50 million for an equity stake in Steward.
Medical Properties Trust 2015 Annual Report.