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

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.