Brief: Medical Properties Trust Sells Majority Interest In Utah Hospitals

Medical Properties Trust

12/04/2024 21:53

April 12 (Reuters) - Medical Properties Trust Inc
 MPW.N :
    * MEDICAL PROPERTIES TRUST SELLS MAJORITY INTEREST IN UTAH
HOSPITALS
    * MEDICAL PROPERTIES TRUST INC: GENERATES APPROXIMATELY $1.1
BILLION OF TOTAL CASH PROCEEDS TO MPT
    * MEDICAL PROPERTIES TRUST INC: RETAINED AN APPROXIMATE 25%
INTEREST IN VENTURE AND FUND PURCHASED AN APPROXIMATE 75%
INTEREST FOR $886 MILLION
    * MEDICAL PROPERTIES TRUST: SOLD INTERESTS IN 5 UTAH
HOSPITALS TO
JV WITH INVESTMENT FUND AFFILIATED WITH MULTI-BILLION DOLLAR
INSTITUTIONAL ASSET MANAGER
    * MEDICAL PROPERTIES TRUST INC: VENTURE PLACED NEW
NON-RECOURSE
SECURED FINANCING, PROVIDING $190 MILLION OF ADDITIONAL CASH TO
MPT

Source text for Eikon:  ID:nBw4k1Tzza 
Further company coverage:  MPW.N 

 ((Reuters.Briefs@thomsonreuters.com;))