Medical Properties Trust

Medical Properties Trust, Inc.
Public company
Traded as NYSE: MPW
S&P 400 Component
Founded August 27, 2003 (August 27, 2003)
Founder Edward K. Aldag, Jr.
Headquarters Birmingham, Alabama
Key people
 Edward K. Aldag, Jr., Chairman & CEO
R. Steven Hamner, CFO[1]
Revenue Increase $704.74 million (2017)[1]
Increase $0.225 billion (2016)[1]
Total assets Increase $6.418 billion (2016)[1]
Total equity Increase $3.253 billion (2016)[1]
Number of employees
 54 (2016)[1]
Website www.medicalpropertiestrust.com

Medical Properties Trust, Inc. is a real estate investment trust that invests in healthcare facilities subject to NNN Leases.[1]

History

The company was founded on August 27, 2003.[1]

In 2005, the company acquired the Northern California Rehabilitation Hospital for $20.75 million[2] and the Chino Valley Medical Center for $21 million.[3]

In 2012, the company acquired Ernest Health in a $400 million transaction.[4] The company also constructed a new building and hangar at Birmingham–Shuttlesworth International Airport for $3.1 million to operate a plane.[5]

In March 2016, the company merged its investment in the operations of Capella Healthcare with RegionalCare.[6]

In October 2016, the company invested $1.25 billion in Steward Health Care System.[7][8][9]

In May 2017, the company announced plans to invest $1.4 billion in 10 acute care hospitals and a behavioral health facility.[10][11]

References

  1. 1 2 3 4 5 6 7 8 Medical Properties Trust, Inc. 2016 Form 10-K Annual Report
  2. ↑ "Medical Properties Trust acquires California hospital". American City Business Journals. July 18, 2005.
  3. ↑ "Medical Properties Trust acquires another California hospital". American City Business Journals. December 1, 2005.
  4. ↑ "CORRECTING and REPLACING Medical Properties Trust in $400 Million Transaction with Ernest Health, Inc. to Add 16 Hospitals to Portfolio" (Press release). Business Wire. January 31, 2012.
  5. ↑ Diel, Stan (March 29, 2012). "Medical Properties Trust leases plane, builds hangar at airport". The Birmingham News.
  6. ↑ "Medical Properties Trust Agrees to Merge Capella Health Holdings with RegionalCare, an Affiliate of Certain Funds Managed by Affiliates of Apollo Global Management, LLC" (Press release). Business Wire. March 22, 2016.
  7. ↑ "Steward Receives $1.25 Billion Investment from Medical Properties Trust, Setting Stage for National Growth" (Press release). PRNewswire. September 26, 2016.
  8. ↑ Poe, Kelly (September 26, 2016). "Medical Properties Trust buying nine properties for $1.2 billion". The Birmingham News.
  9. ↑ Heschmeyer, Mark (September 27, 2016). "Medical Properties Trust to Invest $1.25 Billion in Nine Acute Care Hospitals". CoStar Group.
  10. ↑ "Medical Properties Trust, Inc. to Invest $1.4 Billion in Ten Acute Care Hospitals and One Behavioral Health Facility" (Press release). Business Wire. May 19, 2017.
  11. ↑ Heschmeyer, Mark (May 21, 2017). "Medical Properties Trust Investing $1.4 Billion in 11 Health Care Facilities". CoStar Group.
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