Medical Properties Trust Acquires 46% Interest in $900 Million Portfolio of Premier Swiss Hospitals
MPT’s First Investment in
The Infracore portfolio is comprised of 13 state-of-the-art acute care
hospital campuses located throughout
“This investment in Infracore presents MPT a unique opportunity to enter
the Swiss healthcare market with the second largest private hospital
operator in the country, and we are excited to establish a new long-term
relationship with Swiss Medical Network,” said
The hospital campuses total approximately 1.5 million square feet of extremely high-quality assets, with an average 23 year remaining lease term. MPT’s investment reflects an initial return of approximately 5.0% and will be adjusted annually by 100% of Swiss inflation. Infracore presently has debt approximating 50% of its real estate value with a weighted average interest rate of 1.7%.
About
About Infracore
About Swiss Medical Network
Swiss Medical Network is one of Switzerland’s leading private clinic
groups. Swiss Medical’s clinics, which are located in all three of the
country’s main language regions, all provide first-class hospital
treatment, care and assistance to patients from
The statements in this press release that are forward looking are
based on current expectations and actual results or future events may
differ materially. Words such as "expects," "believes," "anticipates,"
"intends," "will," "should" and variations of such words and similar
expressions are intended to identify such forward-looking statements.
Forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause the actual results of the
Company or future events to differ materially from those expressed in or
underlying such forward-looking statements, including without
limitation: the satisfaction of all conditions to, and the timely
closing (if at all) of pending transactions; the amount of acquisitions
of healthcare real estate, if any; results from potential sales and
joint venture arrangements, if any; capital markets conditions;
estimated leverage metrics; the repayment of debt arrangements;
statements concerning the additional income to the Company as a result
of ownership interests in equity investments and the timing of such
income; the payment of future dividends, if any; completion of
additional debt arrangements, and additional investments; national and
international economic, business, real estate and other market
conditions; the competitive environment in which the Company operates;
the execution of the Company's business plan; financing risks; the
Company's ability to maintain its status as a REIT for income tax
purposes; acquisition and development risks; potential environmental and
other liabilities; and other factors affecting the real estate industry
generally or healthcare real estate in particular. For further
discussion of the factors that could affect outcomes, please refer to
the "Risk factors" section of the Company's Annual Report on Form 10-K
for the year ended
View source version on businesswire.com: https://www.businesswire.com/news/home/20190528005396/en/
Source:
Tim Berryman
Director – Investor Relations
Medical Properties
Trust, Inc.
(205) 969-3755
tberryman@medicalpropertiestrust.com