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A breakdown of 4 transactions involving Steward Health Care


These two months have been busy with acquisitions and sales for Dallas-based Steward Health Care.

Below is a breakdown of four of them:

1. Sell ​​five hospitals in Utah. Steward Health Care has announced that it will sell the operations of five Utah hospitals to HCA Healthcare, based in Nashville, Tennessee. Hospitals involved in the agreement: Davis Hospital in Layton, Jordan Valley Medical Center in West Jordan, Jordan Valley Medical Center-West Valley Campus, Mountain Point Medical Center in Lehi, and Salt Lake Regional Medical Center in Salt Lake City. Hospital real estate is owned by Medical Properties Trust, which will lease the facilities to HCA.

2. Agreement involving eight hospitals in Massachusetts. Medical Properties Trust has agreed to sell a 50% stake in a portfolio of eight Massachusetts hospitals owned by Steward Health Care to Macquarie Infrastructure Partners V LP, an infrastructure investment fund managed by Macquarie Asset Management. Steward will continue to operate the eight hospitals and pay rents to the new joint venture.

3. Acquisition of five hospitals in Florida. Steward Health Care bought five Florida hospitals from Dallas-based Tenet Healthcare in August for $ 1.1 billion. The hospitals included in the sale were Coral Gables Hospital, Florida Medical Center in Lauderdale Lakes, Hialeah Hospital, North Shore Medical Center in Miami, and Palmetto General Hospital in Hialeah.

4. Entering a sale-leaseback transaction with Medical Properties Trust in Florida. Medical Properties Trust finalized in August its plan to purchase Florida hospital real estate acquired by Steward for nearly $ 900 million. It entered into a sale-leaseback transaction with Steward.


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Mary Cashion

The author Mary Cashion