Macquarie Infrastructure Partners to acquire a 50% stake in the 8 Massachusetts hospitals from MPT and Steward for $890m.

Macquarie Infrastructure Partners, a provider of investment advisory services, agreed to acquire a 50% stake in the 8 Massachusetts hospitals from Medical Properties Trust, a real estate investment trust, and Steward Health Care System, a physician-owned, private, for-profit health care network, for $890m. “We are pleased to enter into this partnership with MPT. The eight hospitals that we are investing in are essential to their local communities and Steward, as operator, has clearly demonstrated the ability to transform the performance of these acute care hospitals over the last five years, so that they are now world class, well-operated healthcare infrastructure facilities. MPT is a leading global hospital owner, and our 50/50 partnership with MPT, combined with the 20-year triple net master lease with Steward, ensures that there is strong alignment across all parties with respect to the long-term performance of this portfolio," Karl Kuchel, Macquarie Infrastructure CEO.