Medical Properties Trust, Inc. (the “Company” or “MPT”) (NYSE: MPW) announces the completion of its sale of 11 freestanding emergency department (“FSED”), primary care, imaging and urgent care facilities in Colorado to University of Colorado Health (“UCHealth”) for $86 million. The Company intends to use the proceeds from the transaction to reduce debt and for general corporate purposes. Construction of the eleven facilities was funded by MPT for their original operator, Adeptus Health (“Adeptus”), between 2015 and 2017 at a total initial cost of $64 million.
Read the full article: Medical Properties Trust Sells 11 Colorado Facilities for $86M //
Source: https://www.businesswire.com/news/home/20240814542275/en/Medical-Properties-Trust-Sells-11-Colorado-Facilities-for-86-Million