Prime Healthcare Services completed the acquisition of five hospitals from Medical Property Trust for $350m.

Prime Healthcare Services, a United States privately held healthcare company, completed the acquisition of five hospitals from Medical Property Trust, a real estate investment trust that invests in healthcare facilities subject to NNN leases, for $350m. “These are all attractive hospitals, and in our view, [Prime Healthcare President and CEO] Dr. Prem Reddy and his management team are among the most reliable and capable operators of acute hospitals in the country,” Steven Hamner, Medical Properties Trust CFO.