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PE firm inks 11-hospital real estate deal for $859M

Australian private equity firm HMC Capital has inked a $859 million deal to acquire 11 U.S. hospital properties from Birmingham, Ala.-based Medical Properties Trust, the Financial Review reported March 29.

The eleven hospitals are leased to Healthscope — the second-largest private hospital group in Australia — and were sold in a package to Medical Properties Trust in 2019.

Medical Properties Trust put the portfolio up for grabs last year, and received interest from several potential buyers including HMC Capital, real estate assets group Dexus and real estate investment trust Northwest Healthcare, according to the report.

HMC Capital said demand for hospital assets remains resilient. The deal is expected to close in the second half of 2023.

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