An unknown buyer acquired 75% stake in Five Utah Hospitals from Medical Properties Trust, Inc. (NYSE:MPW) for approximately $890 million on April 12, 2024. The proceeds are expected to be used to reduce outstanding debt including payment in full of the approximate $300 million Australian term loan due 2024 and repayment of borrowings under its revolving credit facility and for general corporate purposes. Eastdil Secured, L.L.C. acted as financial advisor and Goodwin Procter LLP and Baker, Donelson, Bearman, Caldwell & Berkowitz, PC acted as legal advisor to Medical Properties Trust, Inc.

An unknown buyer completed the acquisition of 75% stake in Five Utah Hospitals from Medical Properties Trust, Inc. (NYSE:MPW) on April 12, 2024.