Medical Properties Trust is now the largest shareholder in Infractore, which maintains a portfolio of 13 hospital campuses in Switzerland.

BIRMINGHAM, AL—Locally-based Medical Properties Trust, Inc. has acquired a 46% interest in Swiss healthcare real estate company Infracore SA from Aevis Victoria SA for $236.5 million.

Switzerland-based Baloise Group, which entered into the share-capital of Infracore in December 2018, increased its participation in the firm from 20% to 35%. In the two transactions, Aevis Victoria SA sold 61% of its interest in Infracore SA and retained a 19% stake in the firm.

Infracore maintains a portfolio of 13 state-of-the-art acute care hospital campuses located throughout Switzerland and operated primarily by the Swiss Medical Network, a wholly-owned Aevis subsidiary. MPT used cash on hand in Europe to fund the investment.