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New Deal


Announced

Medical Properties Trust to acquire a stake in Springstone from WCAS for $950m.

Financials

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Transaction Value£674m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Pending

Acquisition

Single Bidder

Domestic

Friendly

Minority

healthcare services

Private

Private Equity

Health Care Services

United States

Synopsis

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Medical Properties Trust, a real estate investment trust, agreed to acquire a stake in Springstone, a provider of healthcare services, from Welsh Carson Anderson & Stowe, a private equity firm, for $950m. “The Springstone investments give MPT a major presence in the rapidly expanding United States behavioral health care market, which has been underserved in our society despite importance on the same level as acute and post-acute care hospitals. MPT’s acquisition of the 18 purpose-built inpatient facilities, much like our recent investment in the Priory portfolio in the United Kingdom, appropriately targets the highest level of acuity within the behavioral care continuum, and we believe that our investment in the operating company will result in additional attractive real estate opportunities," Edward K. Aldag Jr., MPT Chairman, President, and CEO.

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