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Medical Properties Disposes of 11 Facilities to UCHealth

Medical Properties Trust, Inc. (NYSE: MPW) — also known as MPT — recently concluded the disposition of 11 freestanding emergency department (FSED), primary care, imaging and urgent care facilities in Colorado to University of Colorado Health ("UCHealth") for $86 million. The move is in line with the company's capital-recycling strategy. Reflecting positive sentiments, shares of MPW gained 5.34% on Aug 15 regular trading session on the NYSE. The company plans to allocate the proceeds obtained from the transaction toward debt reduction and for general corporate purposes. MPT follows a disciplined capital-recycling strategy, through which it disposes of non-core assets and redeploys the proceeds in premium asset acquisitions and accretive development projects. In July 2024, MPT sold seven FSED facilities as well as one general acute hospital in Arizona to Dignity Health for approximately $160 million. In April 2024, the ...