U.S. Markets open in 8 hrs 10 mins

Medical Properties Trust raised earnings outlook, announces deal to sell an interest in 8 hospitals for a premium

·1 min read
Medical Properties Trust raised earnings outlook, announces deal to sell an interest in 8 hospitals for a premium
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

Shares of Medical Properties Trust Inc. rose 0.6% in premarket trading Wednesday, after the real estate investment trust announced a deal to sell an interest in acute care hospitals it owns and raised its earnings outlook. The REIT (MPT) said it reached an agreement with Macquarie Infrastructure Partners V (MIP V) to form a partnership in which an MIP V subsidiary buys a 50% stake in eight Massachusetts-based hospitals currently owned by MPT and operated by Steward Health Care System, in a deal