Medical Properties Trust invests $2B in 24 hospitals

Ayla Ellison (Twitter) - Print  | 

Medical Properties Trust, a real estate investment trust, has completed two transactions that involve 24 hospitals and a total investment of about $2 billion.

The largest transaction closed Aug. 23. Under the agreement, MPT invested $1.55 billion in the real estate interests of 16 hospitals operated by Los Angeles-based Prospect Medical Holdings.

The other transaction closed Aug. 16 and involves Ramsay Health Care, the fifth largest private hospital operator in the world. MPT paid $434 million to acquire the real estate interests of eight UK hospitals operated by Ramsay.

More articles on healthcare industry transactions:

Merger creates 5-hospital system in Georgia
Boone Hospital to stay independent after BJC HealthCare split
Prospect Medical Holdings eyes deal with Connecticut hospital

© Copyright ASC COMMUNICATIONS 2020. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.