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Medical Properties Trust, Inc., has announced that LifePoint Health will acquire a majority interest in Springstone Health for $250M.

LifePoint Health to Spend $250M for Majority Interest in Springstone

Birmingham, AL-based Medical Properties Trust, Inc., has announced that a subsidiary of LifePoint Health, Inc., has agreed to acquire a majority interest in Springstone Health Opco, LLC from the current management group based on an enterprise value of $250 million.

MPT owns 447 hospital facilities ten countries.

In October 2021, MPT invested approximately $190 million and received a minority equity interest in Springstone in conjunction with its $760 million acquisition of 18 behavioral hospitals.

Pursuant to the LifePoint transaction’s expected first half of 2023 closing, MPT expects to be paid approximately $200 million in full satisfaction of the loan and will retain its minority equity interest. MPT will continue to own and lease Springstone’s behavioral hospitals.

In order to align MPT more completely with its operations, LifePoint has agreed to extend by five years to 2041 the maturity of its existing master lease of eight general acute hospitals.


Inside The Story

Medical Properties Trust, Inc

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

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