A PYMNTS Company

US: Steward Health Care receives $1.25bn investment

By  |  September 27, 2016

Steward Health Care System announced today that Medical Properties Trust, Inc. will invest $1.25 billion in Steward through a real estate sale-leaseback transaction and acquisition of a limited equity stake in the company. The total value of the transaction includes a $1.2 billion investment in hospital real estate and a $50 million equity investment in Steward.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Ralph de la Torre, Founder, Chairman and CEO of Steward Health Care System said, “The Medical Properties Trust investment will provide Steward a second source of capital funding. This ensures Steward will continue to provide high quality health care at an affordable cost in New England, and enables us to grow our proven quality model nationally.”

    The deal unlocks the value of Steward’s real estate assets, pays off its corporate debt, strengthens the company financially, broadens its ownership base, and will provide fresh capital to fund expansion into regions of the country comfortable with the integrated Accountable Care Organization model honed by Steward.

    The transaction is subject to customary closing conditions and is expected to close during the fourth quarter of 2016.

    Full Content: PR Newswire

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.