BIRMINGHAM, Ala., Jun 11, 2010 (BUSINESS WIRE) --Medical Properties Trust, Inc. (NYSE: MPW) today announced the
resignation of Michael G. Stewart as Executive Vice President, General
Counsel and Secretary effective June 15, 2010. In conjunction with Mr.
Stewart's resignation, the Company has engaged the law firm of Baker,
Donelson, Bearman, Caldwell & Berkowitz, P.C. to provide routine and
other legal services based on a long term, non-traditional fixed fee
basis.
"Mike Stewart has been a friend and supporter of our success since he
joined MPT in October 2005. We thank him for the work he has done, and
we wish him the very best," said Edward K. Aldag, Jr., the Company's
chairman, president and chief executive officer. "At the same time, we
are enthused about the depth of resources and the cost efficiencies that
we expect from the creative relationship that we have crafted with Baker
Donelson," continued Aldag.
In connection with the above-described developments, the Company and Mr.
Stewart have entered into a written agreement dated June 11, 2010 that
will be filed on Form 8-K today.
About Medical Properties Trust, Inc.
Medical Properties Trust, Inc. is a Birmingham, Alabama based
self-advised real estate investment trust formed to capitalize on the
changing trends in healthcare delivery by acquiring and developing
net-leased healthcare facilities. These facilities include inpatient
rehabilitation hospitals, long-term acute care hospitals, regional acute
care hospitals, ambulatory surgery centers and other single-discipline
healthcare facilities, such as heart hospitals and orthopedic hospitals.
For more information, please visit the Company's website at www.medicalpropertiestrust.com.
The statements in this press release that are forward looking are
based on current expectations and actual results or future events may
differ materially. Words such as "expects," "believes," "anticipates,"
"intends," "will," "should" and variations of such words and similar
expressions are intended to identify such forward-looking statements.
Forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause the actual results of the
Company or future events to differ materially from those expressed in or
underlying such forward-looking statements, including without limitation
cost efficiencies expected to be realized as a result of legal services
agreements.For further discussion of the facts that could affect
outcomes, please refer to the "Risk factors" section of the Company's
Form 10-K for the year ended December 31, 2009, as amended, and as
updated by our subsequently filed Quarterly Reports on Form 10-Q and our
other SEC filings. Except as otherwise required by the federal
securities laws, the Company undertakes no obligation to update the
information in this press release.
SOURCE: Medical Properties Trust, Inc.
Medical Properties Trust
R. Steven Hamner, 205-969-3755
Executive Vice President & CFO
shamner@medicalpropertiestrust.com