Becker's Healthcare August 15, 2024
Birmingham, Ala.-based Medical Properties Trust, one of the world’s largest healthcare real estate owners, has sold 11 Colorado-based freestanding emergency departments, primary care, imaging and urgent care facilities for $86 million to Aurora-based University of Colorado Health.
MPT plans to use the money from the sale to “reduce debt and for general corporate purposes,” according to an Aug. 14 news release from the company.
Construction of the 11 facilities cost $64 million and was funded by Medical Properties. The facilities were originally operated by Irving, Texas-based Adeptus Health.
After Adeptus Health sought Chapter 11 bankruptcy protection in 2017, MPT began leasing the facilities to UCHealth.
The sale comes after...
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