Birmingham, Alabama-based Medical Properties Trust Inc. has completed the previously revealed $1.2-billion acquisition of the real estate interests of 11 Australian hospitals operated by Healthscope Ltd.
According to a prepared release, the company financed the acquisition with a $1.2 billion unsecured five-year term, Australian-denominated loan with a syndicate of banks.
Medical Properties Trust Inc. is a self-advised real estate investment trust formed to acquire and develop net-leased hospital facilities. MPT’s financing model facilitates acquisitions and recapitalizations and allows operators of hospitals to unlock the value of their real estate assets to fund facility improvements, technology upgrades and other investments in operations.
As The REIT Wire previously reported, the company has made a few big purchase over the past year. Take a look at related articles below on the subject.