Medical Properties Trust is a real estate investment trust (REIT) that specializes in acquiring and managing healthcare facilities
The company focuses primarily on owning hospitals and other healthcare-related properties, which it leases to various operators and healthcare providers across the United States and internationally. By investing in high-quality healthcare assets, Medical Properties Trust aims to generate stable rental income, while also contributing to the overall improvement and accessibility of healthcare services. Through its strategic acquisitions and management practices, the company plays a crucial role in the healthcare real estate sector, providing valuable support to the operators of the facilities it owns.
Medical Properties Trust, Inc. (the “Company” or “MPT”) (NYSEMPW) today announced the pricing of the private offering of $1.5 billion in aggregate principal amount of senior secured notes due 2032 (the “USD Notes”) and €1.0 billion aggregate principal amount of senior secured notes due 2032 (the “Euro Notes” and together with the USD Notes, the “Notes”) to be issued by its operating partnership, MPT Operating Partnership, L.P., and MPT Finance Corporation, a wholly-owned subsidiary of the operating partnership (together, the “Issuers”). The offering sizes of the USD Notes and the Euro Notes were revised from the previously announced offering sizes of $2.0 billion and €500 million. The USD Notes priced with a coupon of 8.500% and the Euro Notes priced with a coupon of 7.000%, representing a blended coupon of 7.885%. Interest on the Notes will be payable semi-annually in arrears on February 15 and August 15 of each year, commencing on August 15, 2025, and will mature on February 15, 2032. The offering is expected to close on February 13, 2025, subject to customary closing conditions.
Medical Properties Trust, Inc. (the “Company” or “MPT”) (NYSEMPW) today announced that its operating partnership, MPT Operating Partnership, L.P. and MPT Finance Corporation, a wholly-owned subsidiary of the operating partnership (together, the “Issuers”) have commenced a private offering of up to $2.0 billion in aggregate principal amount of its senior secured notes due 2032 and €500 million aggregate principal amount of its senior secured notes due 2032 (together, the “Notes”). The Issuers intend to use a portion of the net proceeds of the Notes to fund the redemption in full of the Issuers’ 3.325% senior notes due 2025, 2.500% senior notes due 2026 and 5.250% senior notes due 2026, including related accrued interest, fees and expenses. The Issuers intend to use any remaining net proceeds for general corporate purposes, which may include repaying other indebtedness, including amounts outstanding from time-to-time under the Company’s revolving credit facility, working capital, capital expenditures and potential future acquisitions.
Medical Properties Trust, Inc. (the “Company” or “MPT”) (NYSEMPW) today issued the below statement in response to Prospect Medical Group’s (“Prospect”) decision to commence an in-court restructuring process under Chapter 11 of the U.S. Bankruptcy Code.
The combination of lower demand and higher costs created substantial headwinds for growth and dividend distributions. As a result, many REITs cut or suspended their dividends in 2024.
Medical Properties Trust, Inc. (the “Company” or “MPT”) (NYSEMPW) today announced that it has reached an agreement with Viceroy Research LLC (“Viceroy”) and its members to mutually settle and dismiss the defamation lawsuit originally filed in federal court on March 30, 2023. The parties have agreed to keep the terms of the settlement confidential.
Medical Properties Trust, Inc. (the “Company” or “MPT”) (NYSEMPW) today announced that its Board of Directors declared a regular quarterly cash dividend of $0.08 per share of common stock to be paid on January 9, 2025, to stockholders of record on December 12, 2024.
Astrana Health, a leading provider-centric healthcare company based in California, entered into a binding agreement on November 8 to purchase the majority of Prospect’s managed care platform for approximately $745 million and the assumption of certain liabilities. After satisfaction of obligations to the managed care platform’s senior creditor and other liabilities, MPT expects to receive approximately $200 million in total proceeds. The majority of this cash is expected to be received in the first half of 2025, while a $50 million payment is expected by 2027. The transaction remains subject to regulatory approval and other closing conditions.
