REIT THAT FOCUSES ON HOSPITALS BUYS N.J. ACUTE CARE FACILITY, TEXAS LTAC
By John Mugford
Medical Properties Trust recently acquired Atrium Medical Center in Corinth, Texas (above), near Dallas, as well as Bayonne (N.J.) Medical Center.
Photo courtesy of Atrium Medical Center
Birmingham, Ala.-based Medical Properties Trust Inc. (NYSE: MPW), a publicly traded real estate investment trust (REIT), recently paid more than $80 million to acquire the real estate assets of an acute care hospital in New Jersey and a long-term acute care (LTAC) hospital in Texas.
The REIT paid $58 million for the six-story, 278-bed hospital in New Jersey. While Medical Properties Trust (MPT) did not name the hospital, officials with Bayonne Medical Center (BMC), located just north of Staten Island in Bayonne, N.J., acknowledged the sale in recent weeks.
The full content of this article is only available to paid subscribers. If you are an active subscriber, please log in. To subscribe, please click here: SUBSCRIBE
Comments are closed, but trackbacks and pingbacks are open.