Medical Properties Trust Sells Majority Interest in Utah Hospitals

Medical Properties Trust, Inc. (the “Company” or “MPT”) (NYSE: MPW) announces that it has sold its interests in five Utah hospitals to a newly formed joint venture (the “Venture”) with an investment fund (the “Fund”) affiliated with a leading multi-strategy, multi-billion dollar institutional asset manager with a proven track record in real estate investments. MPT has retained an approximate 25% interest in the Venture and the Fund purchased an approximate 75% interest for $886 million, fully validating MPT’s underwritten lease base of approximately $1.2 billion.

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Source: https://www.businesswire.com/news/home/20240412552958/en/Medical-Properties-Trust-Sells-Majority-Interest-in-Utah-Hospitals

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