➤➤ Join the GlobeSt.HEALTHCARE (formerly RealShare) conference December 3-4 in Scottsdale, AZ. The event will cover the industry's major issues as well as the prevailing and upcoming trends in regulations, space use, budgeting, and technology implementation. Through panel discussions and peer-to-peer networking opportunities, the attendees will gather expert insights on how these factors will affect the development, operation, investment and design of healthcare real estate. Also, be sure to get your nomination in for our healthcare influencer and senior housing influencer feature. Click here to register and view the agenda.


BIRMINGHAM, AL—Medical Properties Trust has completed the acquisition of real estate interests in eight UK hospitals operated by Ramsay Health Care and 16 hospitals operated by Prospect Medical Holdings for a total of $2 billion.

The Ramsay Health transaction, which closed on August 16, was first announced in July. Medical Properties Trust and Secure Income REIT partnered to acquire freehold interests in eight private hospitals in England in the $434 million transaction. Ramsay Health Care, headquartered in Sydney, Australia, is the guarantor of the leases. It operates 480 healthcare facilities across 11 countries and is the fifth largest private hospital operator in the world.

On August 23, Medical Properties Trust closed its $1.55 billion deal with Prospect Medical Holdings, which is headquartered in Los Angeles. The company owns 20 hospitals with over 3,790 licensed beds in Southern California, Connecticut, New Jersey, Pennsylvania, Rhode Island and South Central Texas. It also owns a network of more than 165 primary and specialty clinics.

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Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.