UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): June 6, 2019
MEDICAL PROPERTIES TRUST, INC.
MPT OPERATING PARTNERSHIP, L.P.
(Exact Name of Registrant as Specified in Charter)
Maryland Delaware | 001-32559 333-177186 | 20-0191742 20-0242069 | ||
(State or other jurisdiction of incorporation or organization) | (Commission File Number) | (I. R. S. Employer Identification No.) |
1000 Urban Center Drive, Suite 501
Birmingham, AL 35242
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code: (205)969-3755
Check the appropriate box below if the Form8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
☐ | Soliciting material pursuant to Rule14a-12 under the Exchange Act (17 CFR240.14a-12) |
☐ | Pre-commencement communications pursuant to Rule14d-2(b) under the Exchange Act (17 CFR240.14d-2(b)) |
☐ | Pre-commencement communications pursuant to Rule13e-4(c) under the Exchange Act (17 CFR240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Securities Act:
Title of each class | Trading Symbols(s) | Name of each exchange on which registered | ||
Common Stock, par value $0.001 per share, of Medical Properties Trust, Inc. | MPW | The New York Stock Exchange |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule12b-2 of the Securities Exchange Act of 1934 (17 CFR§240.12b-2).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 7.01. Regulation FD Disclosure.
On June 6, 2019, Medical Properties Trust, Inc. (the “Company”) issued a press release announcing that the Company has completed the previously announced transactions with Healthscope Ltd. (“Healthscope”) described below in Item 8.01 of this Current Report on Form8-K. A copy of the press release is furnished as Exhibit 99.1 hereto and incorporated herein by reference.
The information contained in this Item 7.01 and exhibits thereto are being “furnished” and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of Section 18. The information in this Item 7.01, including the exhibits thereto and referenced materials posted to the Company’s website, shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended, or into any filing or other document pursuant to the Exchange Act, except as otherwise expressly stated in any such filing.
Item 8.01. | Other Events. |
Acquisition of Healthscope Hospital Portfolio
On June 6, 2019, affiliates of the Company completed the previously announced AUD1.2 billion acquisition of the real estate interests of 11 Australian hospitals operated by Healthscope. The facilities are leased to Healthscope pursuant to master lease agreements that have an average initial term of 20 years with annual fixed escalations and multiple extension options.
The table below sets forth pertinent details with respect to the hospitals that were acquired in the Healthscope portfolio:
Hospital | City | State | Hospital Type | Licensed Beds | ||||||||||||
Knox Private Hospital | Wantirna | Victoria | Acute | 359 | ||||||||||||
Mount Hospital | Perth | Western Australia | Acute | 224 | ||||||||||||
Nepean Private Hospital | Kingswood | New South Wales | Acute | 109 | ||||||||||||
Northpark Private Hospital | Bundoora | Victoria | Acute | 144 | ||||||||||||
Sydney Southwest Private Hospital | Liverpool | New South Wales | Acute | 87 | ||||||||||||
Campbelltown Private Hospital | Campbelltown | New South Wales | Acute | 82 | ||||||||||||
Sunnybank Private Hospital | Sunnybank | Queensland | Acute | 122 | ||||||||||||
Ringwood Private Hospital | Ringwood | Victoria | Acute | 75 | ||||||||||||
Pine Rivers Private Hospital | Strathpine | Queensland | Psychiatric | 81 | ||||||||||||
The Geelong Clinic | St Albans Park | Victoria | Psychiatric | 52 | ||||||||||||
The Victorian Rehabilitation Centre | Glen Waverley | Victoria | Rehabilitation | 143 | ||||||||||||
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Total Licensed Beds | 1,478 | |||||||||||||||
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The Company financed the acquisition with an AUD1.2 billion unsecured five-year term, Australian-denominated loan with a syndicate of banks.
Item 9.01. Financial Statements and Exhibits.
(d) | Exhibits. |
Exhibit No. | Description | |
99.1 | Press Release dated June 6, 2019 |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunder duly authorized.
MEDICAL PROPERTIES TRUST, INC. | ||
By: | /s/ R. Steven Hamner | |
Name: | R. Steven Hamner | |
Title: | Executive Vice President and Chief Financial Officer |
Date: June 12, 2019
MPT OPERATING PARTNERSHIP, L.P. | ||
By: | /s/ R. Steven Hamner | |
Name: | R. Steven Hamner | |
Title: | Executive Vice President of the sole member of the general partner of MPT Operating Partnership, L.P. |
Date: June 12, 2019