Becker's Healthcare July 25, 2024
Madeline Ashley

Birmingham, Ala.-based Medical Properties Trust, one of the world’s largest healthcare real estate owners, has completed the $160 million sale of a hospital and seven freestanding emergency department facilities to San Francisco-based Dignity Health, part of Chicago-based CommonSpirit Health.

The sale comprises 50-bed Mesa, Ariz.-based Arizona General Hospital and seven freestanding EDs in the Phoenix area, according to a July 24 news release.

Medical Properties Trust funded the construction of the eight facilities for $92 million. The facilities were originally operated by Irving, Texas-based Adeptus Health.

Adeptus Health filed for Chapter 11 bankruptcy in 2017.

“Shortly...

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Topics: Health System / Hospital, Mergers & Acquisitions / JV, Provider, Trends
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