Medical Properties Trust Transitions Adeptus Leases to UCHealth
Investment Grade-Rated Market Leader Assumes Master Lease for All 11
The strength of MPT’s master lease structure, together with guarantees from investment grade-rated UCHealth and retention of existing letters of credit, provide strong protections of MPT’s future rental income. UCHealth currently has an Aa3 rating with Stable outlook from Moody’s, AA- rating with Stable outlook from Standard and Poor’s and AA- rating with Positive outlook from Fitch.
“It is a testimony to MPT’s powerful underwriting that this dominant
leader in the
The 11 facilities that are now master leased to UCHealth affiliates
represent a gross investment of
UCHealth encompasses nine hospitals and employs more than 20,000
caregivers and staff throughout its health system. The not-for-profit
entity in 2016 had
About
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 sale or re-lease of
certain Adeptus facilities; the amount of acquisitions of healthcare
real estate, if any; results from the potential sales, if any, of
assets; 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 certain
hospital operations 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: http://www.businesswire.com/news/home/20171207005329/en/
Source:
Medical Properties Trust, Inc.
Tim Berryman, 205-969-3755
Director
– Investor Relations
tberryman@medicalpropertiestrust.com