BIRMINGHAM, Ala.--(BUSINESS WIRE)--Medical Properties Trust, Inc. (the "Company" or "MPT") (NYSE: MPW) today announced the sale of the 50-bed Arizona General Hospital in Mesa, AZ and seven freestanding emergency department ("FSED") facilities in the Phoenix metropolitan area to Dignity Health, a wholly-owned subsidiary of CommonSpirit Health, for $160 million. The sale price and current cash rents imply a capitalization rate of less than 7.5%. The Company intends to use the proceeds from the transaction to reduce debt and for general corporate purposes.
Construction of the eight facilities was funded by MPT for their original operator, Adeptus Health ("Adeptus"), between 2015 and 2017 at a total initial cost of $92 million. The specific locations for the hospital and surrounding FSEDs were chosen carefully in the underwriting process based on their strategic value in caring for lower-acuity patients closer to their homes and in diagnosing injuries and illnesses requiring advanced treatment at the system's general acute facilities. Shortly after Adeptus filed for Chapter 11 bankruptcy protection in 2017, Dignity Health recognized the value of this footprint within a growing and aging local healthcare ecosystem and leased the facilities without interruption to care or any change to the rental rate.
About Medical Properties Trust, Inc.
Medical Properties Trust, Inc. is a self-advised real estate investment trust formed in 2003 to acquire and develop net-leased hospital facilities. From its inception in Birmingham, Alabama, the Company has grown to become one of the world's largest owners of hospital real estate with 436 facilities and approximately 43,000 licensed beds in nine countries and across three continents as of March 31, 2024. 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. For more information, please visit the Company's website at .
Forward-Looking Statements
This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements can generally be identified by the use of forward-looking words such as "may", "will", "would", "could", "expect", "intend", "plan", "estimate", "target", "anticipate", "believe", "objectives", "outlook", "guidance" or other similar words, and include statements regarding our strategies, objectives, future expansion and development activities, asset sales and other liquidity transactions (including the use of proceeds thereof), expected returns on investments and expected financial performance. Forward-looking statements involve known and unknown risks and uncertainties that may cause our actual results or future events to differ materially from those expressed in or underlying such forward-looking statements, including, but not limited to: (i) the risk that the bankruptcy restructuring of Steward Health Care System, the Company's largest tenant ("Steward"), does not result in MPT recovering deferred rent or its other investments in Steward at full value, within a reasonable time period or at all; (ii) macroeconomic conditions, including due to geopolitical conditions and instability, which may lead to a disruption of or lack of access to the capital markets, disruptions and instability in the banking and financial services industries, rising inflation and movements in currency exchange rates; (iii) the risk that previously announced or contemplated property sales, loan repayments, and other capital recycling transactions do not occur as anticipated or at all; (iv) the risk that MPT is not able to attain its leverage, liquidity and cost of capital objectives within a reasonable time period or at all; (v) MPT's ability to obtain debt financing on attractive terms or at all, as a result of changes in interest rates and other factors, which may adversely impact its ability to pay down, refinance, restructure or extend its indebtedness as it becomes due, or pursue acquisition and development opportunities; (vi) the ability of our tenants, operators and borrowers to satisfy their obligations under their respective contractual arrangements with us; (vii) the economic, political and social impact of, and uncertainty relating to, the potential impact from health crises (like COVID-19), which may adversely affect MPT's and its tenants' business, financial condition, results of operations and liquidity; (viii) our success in implementing our business strategy and our ability to identify, underwrite, finance, consummate and integrate acquisitions and investments; (ix) the nature and extent of our current and future competition; (x) international, national and local economic, real estate and other market conditions, which may negatively impact, among other things, the financial condition of our tenants, lenders and institutions that hold our cash balances, and may expose us to increased risks of default by these parties; (xi) factors affecting the real estate industry generally or the healthcare real estate industry in particular; (xii) our ability to maintain our status as a REIT for income tax purposes in the U.S. and U.K.; (xiii) federal and state healthcare and other regulatory requirements, as well as those in the foreign jurisdictions where we own properties; (xiv) the value of our real estate assets, which may limit our ability to dispose of assets at attractive prices or obtain or maintain equity or debt financing secured by our properties or on an unsecured basis; (xv) the ability of our tenants and operators to operate profitably and generate positive cash flow, remain solvent, comply with applicable laws, rules and regulations in the operation of our properties, to deliver high-quality services, to attract and retain qualified personnel and to attract patients; (xvi) potential environmental contingencies and other liabilities; (xvii) the risk that the expected sale of three Connecticut hospitals currently leased to Prospect does not occur at the agreed upon terms or at all; (xviii) the risk that MPT is unable to monetize its investment in Prospect at full value within a reasonable time period or at all; (xix) the cooperation of our joint venture partners, including adverse developments affecting the financial health of such joint venture partners or the joint venture itself; and (xx) the risks and uncertainties of litigation or other regulatory proceedings.
The risks described above are not exhaustive and additional factors could adversely affect our business and financial performance, including the risk factors discussed under the section captioned "Risk Factors" in our most recent Annual Report on Form 10-K, as may be updated in our other filings with the SEC. Forward-looking statements are inherently uncertain and actual performance or outcomes may vary materially from any forward-looking statements and the assumptions on which those statements are based. Readers are cautioned to not place undue reliance on forward-looking statements as predictions of future events. We disclaim any responsibility to update such forward-looking statements, which speak only as of the date on which they were made.
Contacts Drew Babin, CFA, CMA
Head of Financial Strategy and Investor Relations
Medical Properties Trust, Inc.
(646) 884-9809
dbabin@medicalpropertiestrust.com
バーミンガム、アラバマ--(BUSINESS WIRE)--Medical Properties Trust, Inc.(以下、当社またはMPT)(NYSE:MPW)は、本日、アリゾナ州メサの50床のArizona General Hospitalおよびフェニックス都市圏の7つの自立型救急部(「FSED」)施設を、CommonSpirit Healthの完全子会社であるディグニティ・ヘルスに16000万ドルで売却することを発表しました。売却価格と現在のキャッシュ賃料からは、キャピタリゼーション・レートは7.5%未満となります。当社は、この取引による収益を、債務を削減し、一般的な企業目的に資金を供給するために使用する予定です。
8つの施設の建設は、MPtが2015年から2017年にかけて元のオペレータであるAdeptus Health(「Adeptus」)のために資金提供したもので、総初期費用は9200万ドルです。病院と周辺のFSEDの特定の場所は、低アキュイティの患者の自宅近くでの介護およびシステムの一般的な急性施設での高度な治療を診断するための、保険適用診療所としてのストラテジックバリューに基づいて、アンダライティングプロセスで注意深く選択されました。Adeptusが2017年に第11章の破産保護を申請した直後、Dignity Healthはこの足跡の価値を認識し、ケアの中断やレンタル料金の変更なしに施設をリースしました。
メディカル・プロパティーズ・トラスト社について
Medical Properties Trust, Inc.は、2003年に設立され、ネットリース型の病院施設を取得および開発することを目的とした自己アドバイザリー不動産投資信託です。アラバマ州バーミンガムで創設以来、当社は、2024年3月31日現在、9カ国において436の施設、および約43,000のライセンスされたベッドを有する、世界最大級の病院不動産オーナーの1社に成長しています。MPTの資金調達モデルは、病院のオペレータが施設の改善、技術のアップグレード、およびその他の事業投資に貢献するために、実質的な資産価値を解除することを促進します。詳細については、当社のウェブサイトをご覧ください。
出典:Nutex Health, Inc。
このプレスリリースには、修正された1933年証券法第27条および修正された1934年証券取引法第21条の定めに基づく前向きな声明が含まれます。前向きな声明には、前向きな言葉を使用して識別できるものがあります。「may」「will」「would」「could」「expect」「intend」「plan」「estimate」「target」「anticipate」「believe」「objectives」「outlook」「guidance」またはその他の類似する言葉を使用し、戦略、目的、将来の拡大と開発活動、資産売却およびその他の流動性取引(およびその手数料の使用)、投資の期待利回り、および予想される財務パフォーマンスに関する声明を含みます。前向きな声明には、表明された前向きな声明に基づいて当社の実際の結果や将来の事象が表明された前向きな声明と異なる場合があります。これらの前向きな声明に基づく結果と前提には、本質的に不確実な要素が含まれており、独自に判断する必要があります。以下は、最も新しいForm 10-kに基づく「リスクファクター」の記載のある節で議論されるリスクがあります。前向きな声明は本質的に不確実であり、実際のパフォーマンスまたは結果は、前向きな声明やその前提に基づく予測とは異なる場合があります。前向きな声明が示すものに基づく投資判断を行う場合は、その内容を適切に考慮してください。
上記のリスクは限定的であり、他の要因が当社のビジネスと財務成績に悪影響を与える可能性があります。これらのリスク要因は、SECに提出された当社の最新の年次報告書の「リスクファクター」という節で議論されるリスク要因の中でも議論されているものがあります。前向きな声明は本質的に不確実であり、実際の結果や成果は、いかなる前向きな声明やその前提にも異なる可能性があります。読者は、前向きな声明を将来の事象の予測としていかなる前向きな声明も信頼することはできないことに注意する必要があります。前向きな声明の内容更新するための義務を負担することはありません。前向きな声明は、それらがされた日付に基づいてのみ発表されます。
連絡先
Drew Babin, CFA, CMA
財務戦略および投資家向けIR責任者
Medical Properties Trust, Inc.
(646) 884-9809
dbabin@medicalpropertiestrust.com