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.
Birmingham, AL – Medical Properties Trust, Inc. announced on September 1st that it has completed the acquisition of seven acute care hospitals from Franklin, Tennessee-based Capella Healthcare, Inc., plus a minority interest in Capella’s operations.
The $900 million deal with Capella, which ranks among the ten largest for-profit hospital companies in the United States, marks the single largest transaction in MPT’s history – including more than two million square feet of space and 1,169 hospital beds.
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.