MEDICAL PROPERTIES IN BUYOUT SPREE, ACQUIRES 30 UK HOSPITALS

Nasdaq - Medical Properties Trust, Inc. MPW, also called MPT, recently completed the purchase of real estate interests in 30 U.K. acute care hospital facilities. The deal, announced on Dec 23, 2019, involved an approximate investment of £1.5 billion ($2 billion). At the time of announcement, the company had planned to fund the transaction with cash in hand, including capital raised from the U.S. dollar equity offering along with sterling-denominated bond offerings and amounts borrowed under an unsecured sterling-denominated term loan facility. The transaction is likely to prove immediately accretive to the funds from operation (FFO) per share. The properties, which are leased under long-term net leases to affiliates of a renowned private operator of acute hospitals, BMI Healthcare, are likely to provide a yield of 8.9% on a GAAP basis...>>>