IASIS Completes Sale-Leaseback Transaction With Medical Properties Trust

Franklin, Tenn.-based IASIS Healthcare has completed a sale-leaseback transaction involving three hospitals with Medical Properties Trust, a healthcare real estate investment trust based in Birmingham, Ala.

The deal — which IASIS announced in August — involves Medical Properties-owned buildings and land associated with IASIS hospitals. The facilities involved are West Monroe, La.-based Glenwood Regional Medical Center; The Medical Center of Southeast Texas in Port Arthur, Texas; and Mesa, Ariz.-based Mountain Vista Medical Center.

IASIS continues to own and operate the hospitals while leasing the land and buildings from Medicare Properties. IASIS plans to use the $281.3 million in proceeds the transaction generated to carry out strategic initiatives aimed at growth in existing markets and expansion into new markets, among other objectives.

More Articles on Health System Transactions:
IASIS Reaches Real Estate Agreement With Medical Properties Trust 
$1.8B Worth of Medical Office Buildings Sold in First Half of 2013
Physicians Realty Trust Acquires Foundation Surgical Hospital of El Paso 

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