Modern Healthcare Feature Story Highlights MPT's Recent Purchase of Steward Health Care's Real Estate Interests
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.
Steward’s management team was attracted to REIT financing to support the expansion of its fully integrated delivery model beyond its Greater Boston markets.
As part of the deal, MPT gained the right of first refusal on funding the next $1 billion dollars of Steward’s growth, and is therefore poised to be Steward’s primary source of real estate capital.
The article, which appears in Modern Healthcare’s October 24th issue, can be found via this link: