Medical Properties Trust, Inc. completed the acquisition of Cobalt Rehabilitation El Paso and Cobalt Rehabilitation Clarksville from Hicks Ventures Ltd.
July 26, 2021
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Medical Properties Trust, Inc. (NYSE:MPW) acquired Cobalt Rehabilitation El Paso and Cobalt Rehabilitation Clarksville from Hicks Ventures Ltd. on July 27, 2021. The combined deal value of sale of PAM/Cobalt Rehabilitation Hospital in Fargo, Cobalt Rehabilitation Clarksville and Cobalt Rehabilitation Hospital El Paso is $86.8 million. In a related transaction, Hicks Ventures sold PAM/Cobalt Rehabilitation Hospital in Fargo to MedProperties. Hammond Hanlon Camp represented Hicks Ventures as a broker in the transaction. Medical Properties Trust represented itself in the transaction.
Medical Properties Trust, Inc. (NYSE:MPW) completed the acquisition of Cobalt Rehabilitation El Paso and Cobalt Rehabilitation Clarksville from Hicks Ventures Ltd. on July 27, 2021.
Medical Properties Trust, Inc. is a real estate investment trust (REIT), which is engaged in the business of investing in, owning, and leasing healthcare real estate. The Company conducts all of its operations through its subsidiary, MPT Operating Partnership, L.P. (the Operating Partnership). The Company acquires and develops healthcare facilities and lease the facilities to healthcare operating companies under long-term net leases. It also makes mortgage loans to healthcare operators collateralized by their real estate assets. In addition, the Company selectively make loans to certain of its operators through its taxable REIT subsidiaries (TRS). The Company have healthcare investments in the United States, Europe, Australia, and South America. The Company's portfolio (including real estate assets in joint ventures) consists of approximately 444 properties leased or loaned to 55 operators, of which seven are under development and five are in the form of mortgage loans.
Medical Properties Trust, Inc. completed the acquisition of Cobalt Rehabilitation El Paso and Cobalt Rehabilitation Clarksville from Hicks Ventures Ltd.