Medical Properties Trust
Medical Properties Trust, Inc., based in Birmingham, Alabama, is a real estate investment trust that invests in healthcare facilities subject to NNN leases. The company owns 438 properties in the United States, Australia, Colombia, Germany, Italy, Portugal, Spain, Switzerland, and the United Kingdom. The company owns equity interest in several healthcare providers. Current and past investments have included Steward Health Care, Capella Healthcare, Priory Group, and Ernest Health. History. The company was founded on August 27, 2003. In 2005, the company acquired the Northern California Rehabilitation Hospital for $20.75 million and the Chino Valley Medical Center  for $21 million. In 2012, the company acquired Ernest Health in a $400 million transaction. In March 2016, the company merged its investment in the operations of Capella Healthcare with RegionalCare. In October 2016, the company invested $1.25 billion in Steward Health Care System. In May 2017, the company announced plans to invest $1.4 billion in 10 acute care hospitals and a behavioral health facility. In August 2019 it bought eight U.K. hospitals operated by Ramsay Health Care and 16 hospitals operated by Prospect Medical Holdings. On January 8, 2020 Medical Properties Trust purchased 30 acute  care hospitals in the U.K. for nearly £1.5 billion and leased them to Circle Health. Later in 2021, they completed a sale-and-leaseback transaction with Priory Group to acquire 35 U.K. mental health facilities for £800 million.