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FLORENCE, AZ-Medical Properties Trust Inc. has inked an agreement with Visionary Health LLC to acquire Florence Hospital at Anthem, a 36-bed acute care and emergency room facility currently under construction.

The Birmingham, AL-based REIT will invest $30 million in the project including development funding and will achieve double-digit cash returns on it. The company’s Chairman, President and CEO Edward Aldag Jr. made the announcement during Medical Properties Trust’s third quarter earnings conference call.

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