CommonSpirit to acquire Utah hospital portfolio from Medical Properties Trust.

CommonSpirit, a health system, and nonprofit hospital chain, agreed to acquire Utah hospital portfolio from Medical Properties Trust, a real estate investment trust that invests in healthcare facilities. Financial terms were not disclosed. “These Utah hospitals checked all of the boxes as far as our cornerstone underwriting principles, and this transaction demonstrates that such hospitals not only facilitate attractive real estate returns to MPT but also meet the critical healthcare needs of their communities. The sale of the operations of these hospitals is a great outcome for Steward, and we are delighted to begin a long and successful relationship with CHIC,” Edward K. Aldag, MPT Chairman, President and CEO.