HMC Capital Limited (ASX:HMC) and HealthCo Healthcare and Wellness REIT (ASX:HCW) entered into a definitive agreement to acquire Healthscope Portfolio from Medical Properties Trust, Inc. (NYSE:MPW) for AUD 1.2 billion on March 29, 2023. Portfolio will be sold for cash proceeds of approximately AUD 1.2 billion. The transaction is subject to regulatory approvals. Transaction is expected to close in two phases with the first (and larger) phase expected to close in the second quarter and the full transaction expected to be complete by the end of 2023. Medical Properties Trust, Inc. plan to use proceeds from the sale to prepay in full the Australian term loan. As of May 24, 2023, Medical Properties completed the disposal of seven Australian hospitals from Healthscope Portfolio for AUD 730 million and expect to close the remaining AUD 470 million disposal and debt repayment during the current quarter. On June 2, 2023, Unlisted Healthcare & Life Sciences fund (UHF) to settle remaining AUD 470 million of Healthscope hospitals (Tranche 3) by Sep-23 with third party institutional capital. As of October 3, 2023, the Australian Foreign Investment Review Board has approved HMC Capital?s purchase of Medical Properties Trust, Inc?s remaining four Australian facilities for approximately AUD 470 million. The cash proceeds of approximately AUD 470 million to be immediately applied to debt reduction. The transaction is expected to close in October 2023.

Goldman Sachs & Co. LLC acted as financial advisor and Arnold Bloch Leibler acted as legal advisor to Medical Properties Trust.

HMC Capital Limited (ASX:HMC) and HealthCo Healthcare and Wellness REIT (ASX:HCW) completed the acquisition of Healthscope Portfolio from Medical Properties Trust, Inc. (NYSE:MPW) on October 11, 2023. Medical Properties Trust, Inc. closed the sale of its four remaining Australian facilities to HMC Capital at a 5.7% cash cap rate for around AUD 470 million (approximately $305 million), which will be used to reduce the balance of MPT?s revolving credit facility and to increase cash availability. On completion, Medical Properties Trust, Inc. maintains approximately $950 million of immediate liquidity, which is sufficient to address all remaining 2023 and 2024 debt maturities.