BTIG Keeps Medical Properties Trust (MPW) at 'Neutral' Amid Steward Investment; Says Questions Remain
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Steward Receives $1.25 Billion Investment from Medical Properties Trust, Setting Stage for National Growth
September 26, 2016 4:49 PM EDTBOSTON, Sept. 26, 2016 /PRNewswire/ -- Steward Health Care System ("Steward") announced today that Medical Properties Trust, Inc. ("MPT") (NYSE: MPW) will invest $1.25 billion in Steward through a real estate sale-leaseback transaction and acquisition of a limited equity stake in the company. The $1.25 billion total value of the transaction includes a $1.2 billion investment in hospital real estate and a $50 million equity investment in... More
Medical Properties Trust Announces Public Offering of 33,500,000 Shares of Common Stock
September 26, 2016 4:05 PM EDTBIRMINGHAM, Ala.--(BUSINESS WIRE)-- Medical Properties Trust, Inc. (the Company or MPT) (NYSE: MPW) announced today that it has commenced an offering to sell 33,500,000 shares of its common stock in an underwritten public offering. The Company intends to grant the underwriters in the offering a 30-day option to purchase up to an additional 5,025,000 shares of its common stock.
The Company intends to use the net proceeds from the offering to partially fund its previously announced acquisition of a portfolio of assets from Steward Health Care System LLC (Steward) as well as a portion of its... More
Medical Properties Trust, Inc. to Invest $1.25 Billion in Nine Acute Care Hospitals
September 26, 2016 4:04 PM EDTReal Estate to be Acquired from and Leased to Steward Health Care System LLC, an Affiliate of Cerberus Capital Management; Immediately Accretive Transaction Increases Companys Asset Base to Approximately $7 Billion
BIRMINGHAM, Ala.--(BUSINESS WIRE)-- Medical Properties Trust, Inc. (the Company or MPT) (NYSE: MPW) today announced that it has signed a definitive agreement to acquire the real estate interests of nine acute care hospitals operated by Steward Health Care System LLC (Steward). The $1.25 billion total value of the transactions includes a $1.2 billion investment in hospital real estate and a $50... More
