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Stock impact report

Prime Healthcare Services, Inc. Successfully Completes Real Estate Purchase of Hospitals and Medical Office Buildings From Medical Properties Trust [Yahoo! Finance]

Medical Properties Trust, Inc. common stock (MPW) 
Last medical properties trust, inc. common stock earnings: 4/29 06:30 pm Check Earnings Report
US:NYSE Investor Relations: medicalpropertiestrust.com
Company Research Source: Yahoo! Finance
ONTARIO, Calif., April 15, 2024 BUSINESS WIRE )--Prime Healthcare Services, Inc. has completed the purchase of real estate of four facilities that comprise Saint Clare's Health and St. Francis Medical Center from Medical Properties Trust (MPT) for $350 million. The acquisition was funded with $250 million of cash on hand and a $100 million Promissory Note that is carried by MPT. The transaction results in a $215 million reduction in Prime's debt obligations to MPT related to these assets. Prime Healthcare is the largest physician-founded and led health system in the nation, recognized for award-winning care and forwarding health equity by transforming hospitals into valued community assets. Prime has invested over $2 billion in capital expenditure to improve and strengthen these hospitals and advance their ability to provide clinically excellent care. MPT previously owned the real estate of Saint Clare's and St. Francis since Prime's acquisition of the respective facility operati Show less Read more
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