The Business Times

Property

The Business Times
Subscribe
Share on FacebookShare on TwitterView more
The Business Times
Create a free account with Business Times for seamless access across SPH Media products.
REGISTER
LOGIN

Property

Medical Properties Trust to buy 30 UK hospital facilities for £1.5b

Published Tue, Dec 24, 2019 · 02:53 AM
Share this article.

[BENGALURU] New York-listed healthcare real estate investment trust Medical Properties Trust (MPT) said on Monday that it agreed to buy 30 acute-care hospital facilities in the United Kingdom for about £1.5 billion pounds (S$2.63 billion).

The facilities are leased to affiliates of BMI Healthcare, a London-headquartered private operator of acute hospitals in the UK, MPT said in a statement.

The transaction is expected to close in the first quarter of 2020.

In a related transaction, affiliates of Circle Health, another UK-based hospital operator, will buy BMI Healthcare.

REUTERS

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Property

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here