Posted 4/15/2024, 6:06:04 PM
Medical Properties Trust Selling 5 Utah Hospitals for $886 Million, Part of $2 Billion Property Sale Effort to Boost Liquidity
- Medical Properties Trust selling 5 Utah hospitals for $886 million to unnamed investment firm JV
- Deal also includes $190 million secured loan back to MPT
- Generates $1.1 billion total immediate cash for MPT
- Sale part of effort to free up liquidity after issues with large tenant Steward Health Care
- With deals so far, MPT CEO now "confident" will raise over $2 billion total through property sales
