BIRMINGHAM, AL – Medical Properties Trust Inc. has entered into definitive agreements to acquire five South Florida general acute hospitals from Tenet Healthcare for $900 million. In conjunction with the sale, Medical Properties Trust will leaseback the facilities to Steward Health Care.
The hospitals will be leased under Medical Properties Trust's master lease agreement with Steward Health Care, which is expected to extend the lease term to expire in 2041, leaving a five-year extension option remaining.
The sale-leaseback transactions are expected to close in the second half of 2021, subject to customary closing conditions.
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Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
