Prospect Medical Holdings, Inc. entered into definitive agreements to acquire Three Connecticut Hospitals of Medical Properties Trust, Inc. for approximately $460 million.

Prospect Medical Holdings, Inc. entered into definitive agreements to acquire Three Connecticut Hospitals of Medical Properties Trust, Inc. for approximately $460 million on October 6, 2022. The transaction is subject to certain regulatory approvals and is expected to close in 2023. Morgan Stanley (NYSE:MS) acted as financial advisor to Prospect Medical Holdings, Inc.