Medical Properties Trust

Medical Properties Trust, Inc., based in Birmingham, Alabama, is a real estate investment trust that invests in healthcare facilities subject to NNN leases.[1] The company owns properties in the United States, Australia, Colombia, Germany, Italy, Portugal, Spain, Switzerland, and the United Kingdom.

Medical Properties Trust, Inc.
TypePublic company
NYSE: MPW
S&P 400 component
FoundedAugust 27, 2003 (2003-08-27)
FounderEdward K. Aldag, Jr.
HeadquartersBirmingham, Alabama
Key people
Edward K. Aldag, Jr., Chairman & CEO
R. Steven Hamner, CFO
Revenue $854.2 million (2019)
$373.4 million (2019)
Total assets $14.467 billion (2019)
Total equity $7.028 billion (2019)
Number of employees
86 (2019)
Websitewww.medicalpropertiestrust.com
Footnotes / references
[1]

The company owns equity interest in several healthcare providers. Current and past investments have included Steward Health Care, Capella Healthcare, and Ernest Health.

History

The company was founded on August 27, 2003.[1]

In 2005, the company acquired the Northern California Rehabilitation Hospital for $20.75 million[2] and the Chino Valley Medical Center for $21 million.[3]

In 2012, the company acquired Ernest Health in a $400 million transaction.[4]

In March 2016, the company merged its investment in the operations of Capella Healthcare with RegionalCare.[5]

In October 2016, the company invested $1.25 billion in Steward Health Care System.[6][7]

In May 2017, the company announced plans to invest $1.4 billion in 10 acute care hospitals and a behavioral health facility.[8]

In August 2019 it bought eight U.K. hospitals operated by Ramsay Health Care and 16 hospitals operated by Prospect Medical Holdings. [9] In December 2019, The Medical Properties Trust has decided to purchase nearly $ 2 billion – or £1.5 billion – from 30 hospitals in the UK.[10]

References
  1. "Medical Properties Trust, Inc. 2019 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
  2. "Medical Properties Trust acquires California hospital". American City Business Journals. July 18, 2005.
  3. "Medical Properties Trust acquires another California hospital". American City Business Journals. December 1, 2005.
  4. "CORRECTING and REPLACING Medical Properties Trust in $400 Million Transaction with Ernest Health, Inc. to Add 16 Hospitals to Portfolio" (Press release). Business Wire. January 31, 2012.
  5. "Medical Properties Trust Agrees to Merge Capella Health Holdings with RegionalCare, an Affiliate of Certain Funds Managed by Affiliates of Apollo Global Management, LLC" (Press release). Business Wire. March 22, 2016.
  6. "Steward Receives $1.25 Billion Investment from Medical Properties Trust, Setting Stage for National Growth" (Press release). PR Newswire. September 26, 2016.
  7. Poe, Kelly (September 26, 2016). "Medical Properties Trust buying nine properties for $1.2 billion". The Birmingham News.
  8. "Medical Properties Trust, Inc. to Invest $1.4 Billion in Ten Acute Care Hospitals and One Behavioral Health Facility" (Press release). Business Wire. May 19, 2017.
  9. "Medical Properties wraps up ~$2.0B investment". Seeking Alpha. 26 August 2019. Retrieved 26 August 2019.
  10. "Medical Properties Trust makes $2B acquisition in the UK". bizjournals. 26 December 2019. Retrieved 30 June 2020.
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