MPT completes sale of two hospitals’ real estate for $413 million
Medical Properties Trust (NYSE: MPT) said it sold the real estate of Idaho Falls Community Hospital and Mountain View Hospital to affiliates of Intermountain Health for $413 million in a cash transaction.
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Medical Properties Trust, Inc. sold Idaho Falls Community Hospital and Mountain View Hospital for $413M at a 6.9% cap rate, generating $371M in cash to MPT, with $42M to minority owners. MPT expects to use a majority of proceeds to reduce debt.Material DetailsContext by AI AnalystThis continues MPT…
Medical Properties Trust said it has sold the real estate of Idaho Falls Community Hospital and Mountain View Hospital to affiliates of Intermountain Health, an investment grade not-for-profit health system, for $413 million. The company described the deal as the “Transaction”.