German Health Portfolio Trades for $900M

BERLIN—US-based Medical Properties Trust, Inc. says it has entered into definitive agreements to acquire and lease back substantially all of the real estate assets of privately-held MEDIAN Kliniken Group, the largest private provider of post-acute and acute rehabilitation services in Germany. The deal is worth about $900 million (€705M).

“This transaction further demonstrates MPT’s success in leveraging its deep understanding of the healthcare markets and continues its track record of completing highly accretive investments across diverse geographies,” said Edward Aldag, chairman, president and CEO of Medical Properties Trust. “This is an important transaction because it significantly increases our asset base to approximately $4.5 billion, and builds on our recent entry into the attractive Western European market. The acquisition of the MEDIAN real estate is a very compelling and unique opportunity for MPT and is fully aligned with our strategy to diversify our market-leading hospital portfolio across geography, operator and facility type.”