Medical Properties Trust to Acquire Hospital Real Estate Assets From IASIS Healthcare (MPW)

Medical Properties Trust to Acquire Hospital Real Estate Assets From IASIS Healthcare (MPW)


Early on Wednesday, real estate investment trust Medical Properties Trust, Inc. (MPW) announced that is acquiring three hospital real estate properties from IASIS Healthcare LLC for $283.3 million.

The deal is expected to close in the third quarter. Medical Properities Trust will be acquiring the real estate assets of Mountain Vista Medical Center in Mesa, Arizona, which has 178 beds; Glenwood Regional Medical Center in West Monroe, Louisiana, which has 268 beds; and The Medical Center of Southeast Texas, in Port Arthur, which has 224 beds.

“We are excited about this significant expansion of our relationship with IASIS,” said Edward K. Aldag, Jr., Chairman, President and CEO of Medical Properties Trust. “This transaction demonstrates the opportunities inherent in a sale and leaseback structure for sophisticated employers of capital like IASIS that seek low cost capital while retaining control of its facilities.”

Medical Properties Trust shares were inactive during pre-market trading on Wednesday. The stock is up 13.21% year-to-date.

The Bottom Line
Shares of Medical Properties Trust (MPW) offer a dividend yield of 5.91% based on last night’s closing price of $13.54 and the company’s annualized dividend payout of 80 cents per share.

Medical Properties Trust, Inc. (MPW) is not recommended at this time, holding a DARS™ Rating of 3.1 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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