LifePoint Health, Inc. entered into a definitive agreement to acquire 82% stake in Springstone Health Opco, LLC from Medical Properties Trust, Inc. (NYSE:MPW) for an enterprise value of $250 million on August 26, 2022. As part of the transaction, Medical Properties Trust will continue to own a majority of Springstone’s real estate locations and retain its current minority stake in Springstone’s operating company. Once the transaction is finalized, Springstone’s caregivers will join the LifePoint family, and patients should experience no disruptions in care.

The transaction is subject to the satisfaction of customary closing conditions, including routine regulatory notices, and is expected to be finalized in early 2023. As of November 9, 2022, the transaction is expected to close in first half of 2023. Barclays and Goldman Sachs & Co.

LLC served as financial advisors to LifePoint Health. Tony Feuerstein and Adam Weinstein of Sidley Austin LLP and Paul, Weiss, Rifkind, Wharton & Garrison LLP served as legal counsel to LifePoint Health. Bradley served as legal counsel to Springstone.

Goodwin Procter and Baker Donelson PC served as legal counsel to Springstone and Medical Properties Trust. Guggenheim Securities, LLC acted as financial advisor to Medical Properties Trust, Inc. As of February 7, 2023, In conjunction with Lifepoint’s acquisition, MPT sold for approximately $205 million in cash its approximately $190 million loan, plus accrued interest, to Lifepoint. O'Melveny & Myers LLP acted as legal advisor to LifePoint Health, Inc.