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MPW > SEC Filings for MPW > Form 8-K on 30-Sep-2013All Recent SEC Filings




Completion of Acquisition or Disposition of Assets, Regulation FD Di

Item 2.01. Completion of Acquisition or Disposition of Assets

Acquisition of healthcare property portfolio from affiliates of IASIS Healthcare

On September 26, 2013, Medical Properties Trust, Inc. (the "Company") completed the previously announced acquisition of three general acute care hospitals operated by IASIS Healthcare LLC ("IASIS") for an aggregate purchase price of $283.3 million, which will be leased back to IASIS. The leases have 15-year terms with renewal options, and provide for annual rent increases based on the consumer price index, limited to a 2.5% ceiling.

Item 7.01. Regulation FD Disclosure.

On September 30, 2013, the Company issued a press release announcing the completion of the IASIS acquisition, a copy of which is furnished as Exhibit 99.1 hereto and is incorporated herein by reference.

The information furnished pursuant to this Item 7.01 shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liability of that section or Sections 11 and 12(a)(2) of the Securities Act of 1933, as amended.

In addition, this information shall not be deemed incorporated by reference in any filing of the Company with the Securities and Exchange Commission, except as expressly set forth by specific references in any such filing.

Item 9.01. Financial Statements and Exhibits.

The table below sets forth pertinent details with respect to the three facilities:

     Property                                      State      Beds       Square Feet
     Mountain Vista Medical Center, LP                 AZ       178           405,011
     IASIS Glenwood Regional Medical Center, LP        LA       268           330,323
     The Medical Center of Southeast Texas, LP         TX       224           349,461

The sources of cash to fund the purchase price included approximately $140.0 million in net proceeds from the Company's common stock offering completed on August 20, 2013, and net proceeds from the sale by MPT Operating Partnership, L.P. and its subsidiary MPT Finance Corporation of approximately $150 million aggregate principal amount of their 6.375% senior notes due 2022 at an issue price of 102%, completed on August 20, 2013.

(d) Exhibits

No. Description

99.1 Press release dated September 30, 2013

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