Press Release June 16, 2021

Medical Properties Trust to Invest $950 Million in Behavioral Health Platform

The Private Equity and Real Estate Industry teams advised Medical Properties Trust (NYSE: MPW) in its definitive agreements to acquire 18 inpatient behavioral health hospital facilities and an interest in the operations of Springstone, LLC from Welsh, Carson, Anderson & Stowe for total consideration of $950 million. The transactions are expected to close during the second half of 2021, subject to customary closing conditions, including certain regulatory approvals.

Springstone, based in Louisville, Kentucky, is a leading provider of behavioral health services in the United States distinguished by its purpose-built, inpatient facilities in carefully selected markets and care delivery across the full behavioral care acuity spectrum.

Medical Properties Trust is a self-advised real estate investment trust formed in 2003 to acquire and develop net-leased hospital facilities. From its inception in Birmingham, Alabama, the Company has grown to become one of the world’s largest owners of hospitals with 442 facilities and roughly 45,000 licensed beds in nine countries and across four continents on a pro forma basis. 

The Goodwin team was led by Stuart Rosenthal, Yoel Kranz and Matt Giannascoli.

For additional details on the agreements, please read the press release.