(To read more on the net lease market, click here.)
ANAHEIM, CA-The Medical Properties Trust Inc. REIT ofBirmingham, AL has acquired three community hospitals totaling 491beds for $60 million in a sale-leaseback and plans to spend $10million to renovate the facilities. The properties are the 219-bedWest Anaheim Medical Center, the 141-bed La Palma IntercommunityHospital and the 131-bed Huntington Beach Hospital.
Medical Properties Trust bought the three facilities from PrimeHealthcare Systems, which will now lease the three hospitals underlong-term net lease deals. Prime Healthcare is Medical PropertiesTrust's second largest tenant and now operates seven of the REIT's25 properties.
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