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.infobox-subbox{padding:0;border:none;margin:-3px;width:auto;min-width:100%;font-size:100%;clear:none;float:none;background-color:transparent}.mw-parser-output .infobox-3cols-child{margin:auto}.mw-parser-output .infobox .navbar{font-size:100%}@media screen{html.skin-theme-clientpref-night .mw-parser-output .infobox-full-data:not(.notheme)>div:not(.notheme)[style]{background:#1f1f23!important;color:#f8f9fa}}@media screen and (prefers-color-scheme:dark){html.skin-theme-clientpref-os .mw-parser-output .infobox-full-data:not(.notheme) div:not(.notheme){background:#1f1f23!important;color:#f8f9fa}}@media(min-width:640px){body.skin--responsive .mw-parser-output .infobox-table{display:table!important}body.skin--responsive .mw-parser-output .infobox-table>caption{display:table-caption!important}body.skin--responsive .mw-parser-output .infobox-table>tbody{display:table-row-group}body.skin--responsive .mw-parser-output .infobox-table tr{display:table-row!important}body.skin--responsive .mw-parser-output .infobox-table th,body.skin--responsive .mw-parser-output .infobox-table td{padding-left:inherit;padding-right:inherit}}</style><style data-mw-deduplicate="TemplateStyles:r1242257876">.mw-parser-output .ib-company .infobox-label{padding-right:0.5em}.mw-parser-output .ib-company .infobox-data,.mw-parser-output .ib-company .infobox-below{line-height:1.35em}.mw-parser-output .ib-company-logo img{background-color:#f8f9fa}.mw-parser-output .ib-company-locality,.mw-parser-output .ib-company-country{display:inline}</style><table class="infobox ib-company vcard"><caption class="infobox-title fn org" style="font-size: 125%;">Medical Properties Trust, Inc.</caption><tbody><tr><td colspan="2" class="infobox-image ib-company-logo logo"><span class="mw-default-size" typeof="mw:File/Frameless"><a href="/wiki/File:Medical_Properties_Trust_logo.svg" class="mw-file-description"><img src="//upload.wikimedia.org/wikipedia/en/thumb/3/30/Medical_Properties_Trust_logo.svg/220px-Medical_Properties_Trust_logo.svg.png" decoding="async" width="220" height="174" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/en/thumb/3/30/Medical_Properties_Trust_logo.svg/330px-Medical_Properties_Trust_logo.svg.png 1.5x, //upload.wikimedia.org/wikipedia/en/thumb/3/30/Medical_Properties_Trust_logo.svg/440px-Medical_Properties_Trust_logo.svg.png 2x" data-file-width="355" data-file-height="281" /></a></span></td></tr><tr><th scope="row" class="infobox-label">Company type</th><td class="infobox-data category"><a href="/wiki/Public_company" title="Public company">Public company</a></td></tr><tr><th scope="row" class="infobox-label"><div style="display: inline-block; line-height: 1.2em; padding: .1em 0;"><a href="/wiki/Ticker_symbol" title="Ticker symbol">Traded as</a></div></th><td class="infobox-data"><a href="/wiki/New_York_Stock_Exchange" title="New York Stock Exchange">NYSE</a>: <a rel="nofollow" class="external text" href="https://www.nyse.com/quote/XNYS:MPW">MPW</a><br /><a href="/wiki/S%26P_600" title="S&P 600">S&P 600</a> component</td></tr><tr><th scope="row" class="infobox-label">Industry</th><td class="infobox-data category"><a href="/wiki/Real_estate_investment_trust" title="Real estate investment trust">Real estate investment trust</a><br /><a href="/wiki/Health_care" title="Health care">Health care</a></td></tr><tr><th scope="row" class="infobox-label">Founded</th><td class="infobox-data">August 27, 2003<span class="noprint">; 21 years ago</span><span style="display:none"> (<span class="bday dtstart published updated">2003-08-27</span>)</span></td></tr><tr><th scope="row" class="infobox-label">Founder</th><td class="infobox-data agent">Edward K. Aldag, Jr.</td></tr><tr><th scope="row" class="infobox-label">Headquarters</th><td class="infobox-data label">1000 Urban Center Drive <br /><a href="/wiki/Birmingham,_Alabama" title="Birmingham, Alabama">Birmingham, Alabama</a></td></tr><tr><th scope="row" class="infobox-label"><div style="display: inline-block; line-height: 1.2em; padding: .1em 0;">Key people</div></th><td class="infobox-data agent">Edward K. Aldag, Jr., <a href="/wiki/Chairman" class="mw-redirect" title="Chairman">Chairman</a> & <a href="/wiki/CEO" class="mw-redirect" title="CEO">CEO</a><br />R. Steven Hamner, <a href="/wiki/CFO" class="mw-redirect" title="CFO">CFO</a><br />Emmett E. McLean, <a href="/wiki/Chief_operating_officer" title="Chief operating officer">COO</a></td></tr><tr><th scope="row" class="infobox-label">Revenue</th><td class="infobox-data"><span typeof="mw:File"><span title="Increase"><img alt="Increase" src="//upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/11px-Increase2.svg.png" decoding="async" width="11" height="11" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/17px-Increase2.svg.png 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/22px-Increase2.svg.png 2x" data-file-width="300" data-file-height="300" /></span></span> $1.544 billion (2021)</td></tr><tr><th scope="row" class="infobox-label"><div style="display: inline-block; line-height: 1.2em; padding: .1em 0;"><a href="/wiki/Net_income" title="Net income">Net income</a></div></th><td class="infobox-data"><span typeof="mw:File"><span title="Increase"><img alt="Increase" src="//upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/11px-Increase2.svg.png" decoding="async" width="11" height="11" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/17px-Increase2.svg.png 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/22px-Increase2.svg.png 2x" data-file-width="300" data-file-height="300" /></span></span> $656.9 million (2021)</td></tr><tr><th scope="row" class="infobox-label"><span class="nowrap"><a href="/wiki/Asset" title="Asset">Total assets</a></span></th><td class="infobox-data"><span typeof="mw:File"><span title="Increase"><img alt="Increase" src="//upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/11px-Increase2.svg.png" decoding="async" width="11" height="11" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/17px-Increase2.svg.png 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/22px-Increase2.svg.png 2x" data-file-width="300" data-file-height="300" /></span></span> $20.519 billion (2021)</td></tr><tr><th scope="row" class="infobox-label"><span class="nowrap"><a href="/wiki/Equity_(finance)" title="Equity (finance)">Total equity</a></span></th><td class="infobox-data"><span typeof="mw:File"><span title="Increase"><img alt="Increase" src="//upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/11px-Increase2.svg.png" decoding="async" width="11" height="11" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/17px-Increase2.svg.png 1.5x, //upload.wikimedia.org/wikipedia/commons/thumb/b/b0/Increase2.svg/22px-Increase2.svg.png 2x" data-file-width="300" data-file-height="300" /></span></span> $8.445 billion (2021)</td></tr><tr><th scope="row" class="infobox-label"><div style="display: inline-block; line-height: 1.2em; padding: .1em 0;">Number of employees</div></th><td class="infobox-data">86 (2019)</td></tr><tr><th scope="row" class="infobox-label">Website</th><td class="infobox-data"><span class="url"><a rel="nofollow" class="external text" href="http://www.medicalpropertiestrust.com/">www<wbr />.medicalpropertiestrust<wbr />.com</a></span></td></tr><tr><td colspan="2" class="infobox-below"><b>Footnotes / references</b><br /><sup id="cite_ref-8K_1-0" class="reference"><a href="#cite_note-8K-1"><span class="cite-bracket">[</span>1<span class="cite-bracket">]</span></a></sup></td></tr></tbody></table> <p><b>Medical Properties Trust, Inc.</b>, based in <a href="/wiki/Birmingham,_Alabama" title="Birmingham, Alabama">Birmingham, Alabama</a>, is a <a href="/wiki/Real_estate_investment_trust" title="Real estate investment trust">real estate investment trust</a> that invests in healthcare facilities subject to <a href="/wiki/NNN_lease" title="NNN lease">NNN leases</a>. The company owns 403 properties in the <a href="/wiki/United_States" title="United States">United States</a>, <a href="/wiki/Australia" title="Australia">Australia</a>, <a href="/wiki/Colombia" title="Colombia">Colombia</a>, <a href="/wiki/Germany" title="Germany">Germany</a>, <a href="/wiki/Italy" title="Italy">Italy</a>, <a href="/wiki/Portugal" title="Portugal">Portugal</a>, <a href="/wiki/Spain" title="Spain">Spain</a>, <a href="/wiki/Switzerland" title="Switzerland">Switzerland</a>, <a href="/wiki/Finland" title="Finland">Finland</a>, and the <a href="/wiki/United_Kingdom" title="United Kingdom">United Kingdom</a>.<sup id="cite_ref-8K_1-1" class="reference"><a href="#cite_note-8K-1"><span class="cite-bracket">[</span>1<span class="cite-bracket">]</span></a></sup> </p><p>The company owns equity interest in several healthcare providers. Current and past investments have included <a href="/wiki/Steward_Health_Care" title="Steward Health Care">Steward Health Care</a>, <a href="/wiki/LifePoint_Health" title="LifePoint Health">Capella Healthcare</a>, <a href="/wiki/Priory_Group" title="Priory Group">Priory Group</a>, and Ernest Health. </p> <meta property="mw:PageProp/toc" /> <div class="mw-heading mw-heading2"><h2 id="History">History</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Medical_Properties_Trust&action=edit&section=1" title="Edit section: History"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>The company was founded on August 27, 2003.<sup id="cite_ref-8K_1-2" class="reference"><a href="#cite_note-8K-1"><span class="cite-bracket">[</span>1<span class="cite-bracket">]</span></a></sup> It went public on the New York Stock Exchange via an IPO on July 7, 2005. </p><p>In 2005, the company acquired the Northern California Rehabilitation Hospital for $20.75 million<sup id="cite_ref-2" class="reference"><a href="#cite_note-2"><span class="cite-bracket">[</span>2<span class="cite-bracket">]</span></a></sup> and the Chino Valley Medical Center for $21 million.<sup id="cite_ref-3" class="reference"><a href="#cite_note-3"><span class="cite-bracket">[</span>3<span class="cite-bracket">]</span></a></sup> </p><p>In 2012, the company acquired Ernest Health in a $400 million transaction.<sup id="cite_ref-4" class="reference"><a href="#cite_note-4"><span class="cite-bracket">[</span>4<span class="cite-bracket">]</span></a></sup> </p><p>In March 2016, the company merged its investment in the operations of Capella Healthcare with RegionalCare.<sup id="cite_ref-5" class="reference"><a href="#cite_note-5"><span class="cite-bracket">[</span>5<span class="cite-bracket">]</span></a></sup> </p><p>In October 2016, the company invested $1.25 billion in <a href="/wiki/Steward_Health_Care_System" class="mw-redirect" title="Steward Health Care System">Steward Health Care System</a>.<sup id="cite_ref-6" class="reference"><a href="#cite_note-6"><span class="cite-bracket">[</span>6<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-7" class="reference"><a href="#cite_note-7"><span class="cite-bracket">[</span>7<span class="cite-bracket">]</span></a></sup> </p><p>In May 2017, the company announced plans to invest $1.4 billion in 10 acute care hospitals and a behavioral health facility.<sup id="cite_ref-8" class="reference"><a href="#cite_note-8"><span class="cite-bracket">[</span>8<span class="cite-bracket">]</span></a></sup> </p><p>In August 2019 Medical Properties Trust bought eight U.K. hospitals operated by <a href="/wiki/Ramsay_Health_Care" title="Ramsay Health Care">Ramsay Health Care</a> and 16 hospitals operated by <a href="/wiki/Prospect_Medical_Holdings" title="Prospect Medical Holdings">Prospect Medical Holdings</a>.<sup id="cite_ref-9" class="reference"><a href="#cite_note-9"><span class="cite-bracket">[</span>9<span class="cite-bracket">]</span></a></sup> On January 8, 2020, MPT purchased 30 acute care hospitals in the U.K. for nearly £1.5 billion and leased them to <a href="/wiki/Circle_Health" title="Circle Health">Circle Health</a>.<sup id="cite_ref-10Q_10-0" class="reference"><a href="#cite_note-10Q-10"><span class="cite-bracket">[</span>10<span class="cite-bracket">]</span></a></sup> Later in 2021, the company completed a <a href="/wiki/Sale-and-leaseback" class="mw-redirect" title="Sale-and-leaseback">sale-and-leaseback</a> transaction with <a href="/wiki/Priory_Group" title="Priory Group">Priory Group</a> to acquire 35 U.K. mental health facilities for £800 million.<sup id="cite_ref-10Q_10-1" class="reference"><a href="#cite_note-10Q-10"><span class="cite-bracket">[</span>10<span class="cite-bracket">]</span></a></sup> </p><p>From 2017 to 2021, CEO Edward Aldag’s salary, bonuses and stock awards have totaled around $70 million.<sup id="cite_ref-11" class="reference"><a href="#cite_note-11"><span class="cite-bracket">[</span>11<span class="cite-bracket">]</span></a></sup> </p><p>In March 2022, Medical Properties Trust sold a 50% stake in the eight Massachusetts hospitals it had bought from Steward Healthcare System to Macquarie Infrastructure Partners V for $1.7 billion.<sup id="cite_ref-macquarie_12-0" class="reference"><a href="#cite_note-macquarie-12"><span class="cite-bracket">[</span>12<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-mugford_13-0" class="reference"><a href="#cite_note-mugford-13"><span class="cite-bracket">[</span>13<span class="cite-bracket">]</span></a></sup> Also in March 2022, the company purchased four hospitals in <a href="/wiki/Finland" title="Finland">Finland</a> for 178 million Euros, representing its first acquisition in Northern Europe.<sup id="cite_ref-14" class="reference"><a href="#cite_note-14"><span class="cite-bracket">[</span>14<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading2"><h2 id="Criticism">Criticism</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Medical_Properties_Trust&action=edit&section=2" title="Edit section: Criticism"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <div class="mw-heading mw-heading3"><h3 id="Wall_Street_Journal">Wall Street Journal</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Medical_Properties_Trust&action=edit&section=3" title="Edit section: Wall Street Journal"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>In 2022, <i><a href="/wiki/The_Wall_Street_Journal" title="The Wall Street Journal">The Wall Street Journal</a></i> reported that Medical Properties Trust had made multiple loans to its largest tenant <a href="/wiki/Steward_Health_Care" title="Steward Health Care">Steward Health Care</a> and paid above market value to Steward for property that Steward then leased from Medical Properties. The article alleged that this was done to help Steward pay off debts to <a href="/wiki/Cerberus_Capital_Management" title="Cerberus Capital Management">Cerberus Capital Management</a>, while Medical Properties claimed that the amounts paid for the properties were fair based on its underwriting and internal appraisals for the properties. MPT referenced Steward’s dependability in paying approximately $1.2 billion in rent and interest since 2016 as further evidence of prudent underwriting. MPT also cited its 2022 sale of a 50% stake in the Massachusetts real estate it bought from Steward as validation of its strategy.<sup id="cite_ref-15" class="reference"><a href="#cite_note-15"><span class="cite-bracket">[</span>15<span class="cite-bracket">]</span></a></sup> In March 2022, Macquarie Infrastructure Partners V entered into a $1.7 billion partnership with MPT to own eight hospitals leased to Steward, resulting in a 47% gain on sale of real estate for MPT.<sup id="cite_ref-macquarie_12-1" class="reference"><a href="#cite_note-macquarie-12"><span class="cite-bracket">[</span>12<span class="cite-bracket">]</span></a></sup><sup id="cite_ref-mugford_13-1" class="reference"><a href="#cite_note-mugford-13"><span class="cite-bracket">[</span>13<span class="cite-bracket">]</span></a></sup> </p><p>Another <i>Wall Street Journal</i> report also claimed that the company engaged in risky acquisitions with tenants who were likely to default on rent payments later while the compensation of executives of the company was partially linked to the volume of acquisitions they could make. The company clarified that it does not directly compensate executives for acquisition volume, and that its compensation plan provides for reducing executive compensation if acquisitions do not increase the company's per-share value.<sup id="cite_ref-16" class="reference"><a href="#cite_note-16"><span class="cite-bracket">[</span>16<span class="cite-bracket">]</span></a></sup> </p> <div class="mw-heading mw-heading3"><h3 id="Business_Insider">Business Insider</h3><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Medical_Properties_Trust&action=edit&section=4" title="Edit section: Business Insider"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>In March 2024, <a href="/wiki/Bethany_McLean" title="Bethany McLean">Bethany McLean</a> of <a href="/wiki/Business_Insider" title="Business Insider">Business Insider</a> critcized the company, writing that "MPT's hospital investments represent a breathtaking scheme that has decimated healthcare in communities across America."<sup id="cite_ref-17" class="reference"><a href="#cite_note-17"><span class="cite-bracket">[</span>17<span class="cite-bracket">]</span></a></sup> This article mentioned Edward Aldag who founded MPT and is the current President and CEO. Referring to him, the article states "Top executives, including Aldag, received hefty bonuses based in part on the dollar volume of transactions they did — meaning the more hospitals they drove into debt, the better." </p> <div class="mw-heading mw-heading2"><h2 id="References">References</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Medical_Properties_Trust&action=edit&section=5" title="Edit section: References"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <style data-mw-deduplicate="TemplateStyles:r1239543626">.mw-parser-output .reflist{margin-bottom:0.5em;list-style-type:decimal}@media screen{.mw-parser-output .reflist{font-size:90%}}.mw-parser-output .reflist .references{font-size:100%;margin-bottom:0;list-style-type:inherit}.mw-parser-output .reflist-columns-2{column-width:30em}.mw-parser-output .reflist-columns-3{column-width:25em}.mw-parser-output .reflist-columns{margin-top:0.3em}.mw-parser-output .reflist-columns ol{margin-top:0}.mw-parser-output .reflist-columns li{page-break-inside:avoid;break-inside:avoid-column}.mw-parser-output .reflist-upper-alpha{list-style-type:upper-alpha}.mw-parser-output .reflist-upper-roman{list-style-type:upper-roman}.mw-parser-output .reflist-lower-alpha{list-style-type:lower-alpha}.mw-parser-output .reflist-lower-greek{list-style-type:lower-greek}.mw-parser-output .reflist-lower-roman{list-style-type:lower-roman}</style><div class="reflist reflist-columns references-column-width"> <ol class="references"> <li id="cite_note-8K-1"><span class="mw-cite-backlink">^ <a href="#cite_ref-8K_1-0"><sup><i><b>a</b></i></sup></a> <a href="#cite_ref-8K_1-1"><sup><i><b>b</b></i></sup></a> <a href="#cite_ref-8K_1-2"><sup><i><b>c</b></i></sup></a></span> <span class="reference-text"><style data-mw-deduplicate="TemplateStyles:r1238218222">.mw-parser-output cite.citation{font-style:inherit;word-wrap:break-word}.mw-parser-output .citation q{quotes:"\"""\"""'""'"}.mw-parser-output .citation:target{background-color:rgba(0,127,255,0.133)}.mw-parser-output .id-lock-free.id-lock-free a{background:url("//upload.wikimedia.org/wikipedia/commons/6/65/Lock-green.svg")right 0.1em center/9px no-repeat}.mw-parser-output .id-lock-limited.id-lock-limited a,.mw-parser-output .id-lock-registration.id-lock-registration a{background:url("//upload.wikimedia.org/wikipedia/commons/d/d6/Lock-gray-alt-2.svg")right 0.1em center/9px no-repeat}.mw-parser-output .id-lock-subscription.id-lock-subscription a{background:url("//upload.wikimedia.org/wikipedia/commons/a/aa/Lock-red-alt-2.svg")right 0.1em center/9px no-repeat}.mw-parser-output .cs1-ws-icon a{background:url("//upload.wikimedia.org/wikipedia/commons/4/4c/Wikisource-logo.svg")right 0.1em center/12px no-repeat}body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .id-lock-free a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .id-lock-limited a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .id-lock-registration a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .id-lock-subscription a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .cs1-ws-icon a{background-size:contain;padding:0 1em 0 0}.mw-parser-output .cs1-code{color:inherit;background:inherit;border:none;padding:inherit}.mw-parser-output .cs1-hidden-error{display:none;color:var(--color-error,#d33)}.mw-parser-output .cs1-visible-error{color:var(--color-error,#d33)}.mw-parser-output .cs1-maint{display:none;color:#085;margin-left:0.3em}.mw-parser-output .cs1-kern-left{padding-left:0.2em}.mw-parser-output .cs1-kern-right{padding-right:0.2em}.mw-parser-output .citation .mw-selflink{font-weight:inherit}@media screen{.mw-parser-output .cs1-format{font-size:95%}html.skin-theme-clientpref-night .mw-parser-output .cs1-maint{color:#18911f}}@media screen and (prefers-color-scheme:dark){html.skin-theme-clientpref-os .mw-parser-output .cs1-maint{color:#18911f}}</style><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://sec.report/Document/0001193125-22-026488/">"Medical Properties Trust, Inc. Form 8-K Current Report"</a>. <a href="/wiki/U.S._Securities_and_Exchange_Commission" title="U.S. Securities and Exchange Commission">U.S. Securities and Exchange Commission</a>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&rft.genre=unknown&rft.btitle=Medical+Properties+Trust%2C+Inc.+Form+8-K+Current+Report&rft.pub=U.S.+Securities+and+Exchange+Commission&rft_id=https%3A%2F%2Fsec.report%2FDocument%2F0001193125-22-026488%2F&rfr_id=info%3Asid%2Fen.wikipedia.org%3AMedical+Properties+Trust" class="Z3988"></span></span> </li> <li id="cite_note-2"><span class="mw-cite-backlink"><b><a href="#cite_ref-2">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation news cs1"><a rel="nofollow" class="external text" href="https://www.bizjournals.com/birmingham/stories/2005/07/18/daily4.html">"Medical Properties Trust acquires California hospital"</a>. <i><a href="/wiki/American_City_Business_Journals" title="American City Business Journals">American City Business Journals</a></i>. July 18, 2005.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=article&rft.jtitle=American+City+Business+Journals&rft.atitle=Medical+Properties+Trust+acquires+California+hospital&rft.date=2005-07-18&rft_id=https%3A%2F%2Fwww.bizjournals.com%2Fbirmingham%2Fstories%2F2005%2F07%2F18%2Fdaily4.html&rfr_id=info%3Asid%2Fen.wikipedia.org%3AMedical+Properties+Trust" class="Z3988"></span></span> </li> <li id="cite_note-3"><span class="mw-cite-backlink"><b><a href="#cite_ref-3">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation news cs1"><a rel="nofollow" class="external text" href="https://www.bizjournals.com/birmingham/stories/2005/11/28/daily16.html">"Medical Properties Trust acquires another California hospital"</a>. <i><a href="/wiki/American_City_Business_Journals" title="American City Business Journals">American City Business Journals</a></i>. December 1, 2005.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=article&rft.jtitle=American+City+Business+Journals&rft.atitle=Medical+Properties+Trust+acquires+another+California+hospital&rft.date=2005-12-01&rft_id=https%3A%2F%2Fwww.bizjournals.com%2Fbirmingham%2Fstories%2F2005%2F11%2F28%2Fdaily16.html&rfr_id=info%3Asid%2Fen.wikipedia.org%3AMedical+Properties+Trust" class="Z3988"></span></span> </li> <li id="cite_note-4"><span class="mw-cite-backlink"><b><a href="#cite_ref-4">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation pressrelease cs1"><a rel="nofollow" class="external text" href="https://www.businesswire.com/news/home/20120131006893/en/CORRECTING-REPLACING-Medical-Properties-Trust-400-Million">"CORRECTING and REPLACING Medical Properties Trust in $400 Million Transaction with Ernest Health, Inc. to Add 16 Hospitals to Portfolio"</a> (Press release). <a href="/wiki/Business_Wire" title="Business Wire">Business Wire</a>. January 31, 2012.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&rft.genre=unknown&rft.btitle=CORRECTING+and+REPLACING+Medical+Properties+Trust+in+%24400+Million+Transaction+with+Ernest+Health%2C+Inc.+to+Add+16+Hospitals+to+Portfolio&rft.pub=Business+Wire&rft.date=2012-01-31&rft_id=https%3A%2F%2Fwww.businesswire.com%2Fnews%2Fhome%2F20120131006893%2Fen%2FCORRECTING-REPLACING-Medical-Properties-Trust-400-Million&rfr_id=info%3Asid%2Fen.wikipedia.org%3AMedical+Properties+Trust" class="Z3988"></span></span> </li> <li id="cite_note-5"><span class="mw-cite-backlink"><b><a href="#cite_ref-5">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation pressrelease cs1"><a rel="nofollow" class="external text" href="https://www.businesswire.com/news/home/20160322005906/en/Medical-Properties-Trust-Agrees-Merge-Capella-Health">"Medical Properties Trust Agrees to Merge Capella Health Holdings with RegionalCare, an Affiliate of Certain Funds Managed by Affiliates of Apollo Global Management, LLC"</a> (Press release). <a href="/wiki/Business_Wire" title="Business Wire">Business Wire</a>. March 22, 2016.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&rft.genre=unknown&rft.btitle=Medical+Properties+Trust+Agrees+to+Merge+Capella+Health+Holdings+with+RegionalCare%2C+an+Affiliate+of+Certain+Funds+Managed+by+Affiliates+of+Apollo+Global+Management%2C+LLC&rft.pub=Business+Wire&rft.date=2016-03-22&rft_id=https%3A%2F%2Fwww.businesswire.com%2Fnews%2Fhome%2F20160322005906%2Fen%2FMedical-Properties-Trust-Agrees-Merge-Capella-Health&rfr_id=info%3Asid%2Fen.wikipedia.org%3AMedical+Properties+Trust" class="Z3988"></span></span> </li> <li id="cite_note-6"><span class="mw-cite-backlink"><b><a href="#cite_ref-6">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation pressrelease cs1"><a rel="nofollow" class="external text" href="https://www.prnewswire.com/news-releases/steward-receives-125-billion-investment-from-medical-properties-trust-setting-stage-for-national-growth-300334227.html">"Steward Receives $1.25 Billion Investment from Medical Properties Trust, Setting Stage for National Growth"</a> (Press release). <a href="/wiki/PR_Newswire" title="PR Newswire">PR Newswire</a>. September 26, 2016.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&rft.genre=unknown&rft.btitle=Steward+Receives+%241.25+Billion+Investment+from+Medical+Properties+Trust%2C+Setting+Stage+for+National+Growth&rft.pub=PR+Newswire&rft.date=2016-09-26&rft_id=https%3A%2F%2Fwww.prnewswire.com%2Fnews-releases%2Fsteward-receives-125-billion-investment-from-medical-properties-trust-setting-stage-for-national-growth-300334227.html&rfr_id=info%3Asid%2Fen.wikipedia.org%3AMedical+Properties+Trust" class="Z3988"></span></span> </li> <li id="cite_note-7"><span class="mw-cite-backlink"><b><a href="#cite_ref-7">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFPoe2016" class="citation news cs1">Poe, Kelly (September 26, 2016). <a rel="nofollow" class="external text" href="http://www.al.com/business/index.ssf/2016/09/medical_properties_trust_buyin.html">"Medical Properties Trust buying nine properties for $1.2 billion"</a>. <i><a href="/wiki/The_Birmingham_News" title="The Birmingham News">The Birmingham News</a></i>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=article&rft.jtitle=The+Birmingham+News&rft.atitle=Medical+Properties+Trust+buying+nine+properties+for+%241.2+billion&rft.date=2016-09-26&rft.aulast=Poe&rft.aufirst=Kelly&rft_id=http%3A%2F%2Fwww.al.com%2Fbusiness%2Findex.ssf%2F2016%2F09%2Fmedical_properties_trust_buyin.html&rfr_id=info%3Asid%2Fen.wikipedia.org%3AMedical+Properties+Trust" class="Z3988"></span></span> </li> <li id="cite_note-8"><span class="mw-cite-backlink"><b><a href="#cite_ref-8">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation pressrelease cs1"><a rel="nofollow" class="external text" href="https://www.businesswire.com/news/home/20170519005335/en/Medical-Properties-Trust-Invest-1.4-Billion-Ten">"Medical Properties Trust, Inc. to Invest $1.4 Billion in Ten Acute Care Hospitals and One Behavioral Health Facility"</a> (Press release). <a href="/wiki/Business_Wire" title="Business Wire">Business Wire</a>. May 19, 2017.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Abook&rft.genre=unknown&rft.btitle=Medical+Properties+Trust%2C+Inc.+to+Invest+%241.4+Billion+in+Ten+Acute+Care+Hospitals+and+One+Behavioral+Health+Facility&rft.pub=Business+Wire&rft.date=2017-05-19&rft_id=https%3A%2F%2Fwww.businesswire.com%2Fnews%2Fhome%2F20170519005335%2Fen%2FMedical-Properties-Trust-Invest-1.4-Billion-Ten&rfr_id=info%3Asid%2Fen.wikipedia.org%3AMedical+Properties+Trust" class="Z3988"></span></span> </li> <li id="cite_note-9"><span class="mw-cite-backlink"><b><a href="#cite_ref-9">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation news cs1"><a rel="nofollow" class="external text" href="https://seekingalpha.com/news/3494717-medical-properties-wraps-2_0b-investment">"Medical Properties wraps up ~$2.0B investment"</a>. Seeking Alpha. 26 August 2019<span class="reference-accessdate">. Retrieved <span class="nowrap">26 August</span> 2019</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=article&rft.atitle=Medical+Properties+wraps+up+~%242.0B+investment&rft.date=2019-08-26&rft_id=https%3A%2F%2Fseekingalpha.com%2Fnews%2F3494717-medical-properties-wraps-2_0b-investment&rfr_id=info%3Asid%2Fen.wikipedia.org%3AMedical+Properties+Trust" class="Z3988"></span></span> </li> <li id="cite_note-10Q-10"><span class="mw-cite-backlink">^ <a href="#cite_ref-10Q_10-0"><sup><i><b>a</b></i></sup></a> <a href="#cite_ref-10Q_10-1"><sup><i><b>b</b></i></sup></a></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://sec.report/Document/0001564590-21-042697/">"Medical Properties Trust 10-Q"</a>. <i>Securities and Exchange Commission</i><span class="reference-accessdate">. Retrieved <span class="nowrap">April 13,</span> 2022</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=Securities+and+Exchange+Commission&rft.atitle=Medical+Properties+Trust+10-Q&rft_id=https%3A%2F%2Fsec.report%2FDocument%2F0001564590-21-042697%2F&rfr_id=info%3Asid%2Fen.wikipedia.org%3AMedical+Properties+Trust" class="Z3988"></span></span> </li> <li id="cite_note-11"><span class="mw-cite-backlink"><b><a href="#cite_ref-11">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://www.cbsnews.com/news/texas-vista-medical-center-closure-investors-role-san-antonio-hospital-under-scrutiny/">"<span class="cs1-kern-left"></span>"Less about people and more about profits": Investors' role in next week's closure of San Antonio hospital under scrutiny"</a>. <i><a href="/wiki/CBS_News" title="CBS News">CBS News</a></i><span class="reference-accessdate">. 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Retrieved <span class="nowrap">May 9,</span> 2023</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=Healthcare+Real+Estate+Insights&rft.atitle=Transactions%3A+A+%241.7+billion+hospital+portfolio+recap&rft.date=2022-03-22&rft.aulast=Mugford&rft.aufirst=John+B.&rft_id=https%3A%2F%2Fwolfmediausa.com%2F2022%2F03%2F22%2Ftransactions-a-1-7-billion-hospital-portfolio-recap%2F&rfr_id=info%3Asid%2Fen.wikipedia.org%3AMedical+Properties+Trust" class="Z3988"></span></span> </li> <li id="cite_note-14"><span class="mw-cite-backlink"><b><a href="#cite_ref-14">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://sec.report/Document/0000950170-22-009064/">"Medical Properties Trust 10-Q 2022 First Quarter"</a>. <i>Securities and Exchange Commission</i><span class="reference-accessdate">. Retrieved <span class="nowrap">May 12,</span> 2022</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=Securities+and+Exchange+Commission&rft.atitle=Medical+Properties+Trust+10-Q+2022+First+Quarter&rft_id=https%3A%2F%2Fsec.report%2FDocument%2F0000950170-22-009064%2F&rfr_id=info%3Asid%2Fen.wikipedia.org%3AMedical+Properties+Trust" class="Z3988"></span></span> </li> <li id="cite_note-15"><span class="mw-cite-backlink"><b><a href="#cite_ref-15">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFSpegele2022" class="citation web cs1">Spegele, Brian (February 14, 2022). <a rel="nofollow" class="external text" href="https://www.wsj.com/articles/hospitals-private-equity-reit-mpt-steward-11644849598">"How a Small Alabama Company Fueled Private Equity's Push Into Hospitals"</a>. <i>Wall Street Journal</i><span class="reference-accessdate">. Retrieved <span class="nowrap">April 30,</span> 2022</span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=Wall+Street+Journal&rft.atitle=How+a+Small+Alabama+Company+Fueled+Private+Equity%27s+Push+Into+Hospitals&rft.date=2022-02-14&rft.aulast=Spegele&rft.aufirst=Brian&rft_id=https%3A%2F%2Fwww.wsj.com%2Farticles%2Fhospitals-private-equity-reit-mpt-steward-11644849598&rfr_id=info%3Asid%2Fen.wikipedia.org%3AMedical+Properties+Trust" class="Z3988"></span></span> </li> <li id="cite_note-16"><span class="mw-cite-backlink"><b><a href="#cite_ref-16">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFSpegele2022" class="citation web cs1">Spegele, Brian (March 31, 2022). <a rel="nofollow" class="external text" href="https://www.wsj.com/articles/hospital-deal-gone-bust-puts-real-estate-firm-in-spotlight-11648734104">"Hospital Deal Gone Bust Puts Real-Estate Firm in Spotlight"</a>. <i>Wall Street Journal</i><span class="reference-accessdate">. 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Retrieved <span class="nowrap">2024-03-12</span></span>.</cite><span title="ctx_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&rft.genre=unknown&rft.jtitle=Business+Insider&rft.atitle=Why+America%27s+hospitals+are+on+life+support&rft.aulast=McLean&rft.aufirst=Bethany&rft_id=https%3A%2F%2Fwww.businessinsider.com%2Fhow-wealthy-investors-got-rich-looting-needy-hospitals-healthcare-system-2024-3&rfr_id=info%3Asid%2Fen.wikipedia.org%3AMedical+Properties+Trust" class="Z3988"></span></span> </li> </ol></div> <div class="mw-heading mw-heading2"><h2 id="External_links">External links</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Medical_Properties_Trust&action=edit&section=6" title="Edit section: External links"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <ul><li>Business data for Medical Properties Trust, Inc.: <style data-mw-deduplicate="TemplateStyles:r1129693374">.mw-parser-output .hlist dl,.mw-parser-output .hlist ol,.mw-parser-output .hlist ul{margin:0;padding:0}.mw-parser-output .hlist dd,.mw-parser-output .hlist dt,.mw-parser-output .hlist li{margin:0;display:inline}.mw-parser-output .hlist.inline,.mw-parser-output .hlist.inline dl,.mw-parser-output .hlist.inline ol,.mw-parser-output .hlist.inline ul,.mw-parser-output .hlist dl dl,.mw-parser-output .hlist dl ol,.mw-parser-output .hlist dl ul,.mw-parser-output .hlist ol dl,.mw-parser-output .hlist ol ol,.mw-parser-output .hlist ol ul,.mw-parser-output .hlist ul dl,.mw-parser-output .hlist ul ol,.mw-parser-output .hlist ul ul{display:inline}.mw-parser-output .hlist .mw-empty-li{display:none}.mw-parser-output .hlist dt::after{content:": "}.mw-parser-output .hlist dd::after,.mw-parser-output .hlist li::after{content:" · ";font-weight:bold}.mw-parser-output .hlist dd:last-child::after,.mw-parser-output .hlist dt:last-child::after,.mw-parser-output .hlist li:last-child::after{content:none}.mw-parser-output .hlist dd dd:first-child::before,.mw-parser-output .hlist dd dt:first-child::before,.mw-parser-output .hlist dd li:first-child::before,.mw-parser-output .hlist dt dd:first-child::before,.mw-parser-output .hlist dt dt:first-child::before,.mw-parser-output .hlist dt li:first-child::before,.mw-parser-output .hlist li dd:first-child::before,.mw-parser-output .hlist li dt:first-child::before,.mw-parser-output .hlist li li:first-child::before{content:" (";font-weight:normal}.mw-parser-output .hlist dd dd:last-child::after,.mw-parser-output .hlist dd dt:last-child::after,.mw-parser-output .hlist dd li:last-child::after,.mw-parser-output .hlist dt dd:last-child::after,.mw-parser-output .hlist dt dt:last-child::after,.mw-parser-output .hlist dt li:last-child::after,.mw-parser-output .hlist li dd:last-child::after,.mw-parser-output .hlist li dt:last-child::after,.mw-parser-output .hlist li li:last-child::after{content:")";font-weight:normal}.mw-parser-output .hlist ol{counter-reset:listitem}.mw-parser-output .hlist ol>li{counter-increment:listitem}.mw-parser-output .hlist ol>li::before{content:" "counter(listitem)"\a0 "}.mw-parser-output .hlist dd ol>li:first-child::before,.mw-parser-output .hlist dt ol>li:first-child::before,.mw-parser-output .hlist li ol>li:first-child::before{content:" ("counter(listitem)"\a0 "}</style><div class="hlist inline"><ul><li><a rel="nofollow" class="external text" href="https://www.google.com/finance/quote/MPW">Google</a></li><li><a rel="nofollow" class="external text" href="https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=MPW">SEC filings</a></li><li><a rel="nofollow" class="external text" href="https://finance.yahoo.com/quote/MPW">Yahoo!</a></li></ul></div></li></ul> <style data-mw-deduplicate="TemplateStyles:r1266661725">.mw-parser-output .portalbox{padding:0;margin:0.5em 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