News & Analysis: Five LTACs fetch $113M


By John Mugford

Medical Properties Trust acquired the 110-bed, three-story, 92,420 square foot Clear Lake LTAC in Webster, Texas, from Medistar for $36.8 million.
Photo courtesy of Morgan Keegan and Co. Inc.

It looks as if long-term acute care hospitals (LTACs) have hit the radar screen of quite a number of healthcare real estate investors.

An example can be found in two recent transactions that, surprisingly, received little publicity at the time of the closings, even here on the pages of Healthcare Real Estate Insights.

The transactions involved the sale by a well-known healthcare real estate developer, Houston-based Medistar Corp., of five LTACs to two separate buyers. The total price paid by the two buyers was $113 million.

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