MPT Completes the Sale of Two Hospitals for $371 Million in Cash
MPT completed the sale of the real estate of Idaho Falls Community Hospital and Mountain View Hospital to affiliates of Intermountain Health for $413 million, reflecting a 6.9% capitalization rate. The transaction delivers $371 million in cash to MPT, with the remaining $42 million going to certain minority real estate owners, and produces a gain of approximately $130 million over the properties' roughly $240 million gross book value.
Key figures
- Deal Value Usd
- 413000000
- Capitalization rate
- 6.9%
- Cash proceeds to mpt
- 371000000
- Portfolio facilities
- 373
- Portfolio licensed beds
- 38000
- Gain over gross book value
- 130000000
- Minority owners distribution
- 42000000
- Q3 total asset sale proceeds
- 680000000
- Gross investment in properties
- 240000000
AI analysis
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