BIRMINGHAM, Ala.--(BUSINESS WIRE)--Oct. 4, 2013--
Medical Properties Trust, Inc. (the “Company”) (NYSE: MPW) today
announced that Monroe Hospital has updated its clinical affiliation with
St. Vincent Health to continue building and developing state-of-the-art
cardiology and orthopedic services. The hospital has hired Joseph Roche,
a former St. Vincent Health Regional Hospital President, to serve as the
CEO of Monroe Hospital.
Roche, a 30-year hospital industry veteran, served as the Regional
Critical Access Hospital President of the Southern Region for St.
Vincent Health and led the system’s integration efforts with Monroe
Hospital since 2012. Under Roche’s leadership, Monroe Hospital formed
partnerships with the St. Vincent Medical Group and the St. Vincent
Heart Center of Indiana.
Monroe Hospital has ended its formal management agreement with St.
Vincent Health, but will continue to be clinically affiliated with St.
Vincent Health to serve the residents of Bloomington, Indiana and the
surrounding area. On the leading edge of technology, Monroe Hospital is
a general acute care hospital committed to providing superior healthcare.
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. 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: the capacity of the Company’s tenants to meet the terms of
their agreements; Normalized FFO per share; expected payout ratio, the
amount of acquisitions of healthcare real estate, if any; capital
markets conditions, the repayment of debt arrangements; statements
concerning the additional income to the Company as a result of ownership
interests in certain hospital operations and the timing of such income;
the restructuring of the Company’s investments in non-revenue
producing properties; the payment of future dividends, if any;
completion of additional debt arrangement, and additional investments;
national and economic, business, real estate and other market
conditions; the competitive environment in which the Company operates;
the execution of the Company's business plan; financing risks; the
Company's ability to maintain its status as a REIT for federal income
tax purposes; acquisition and development risks; potential environmental
and other liabilities; and other factors affecting the real estate
industry generally or healthcare real estate in particular. For further
discussion of the factors that could affect outcomes, please refer to
the “Risk factors” section of the Company's Annual Report on Form 10-K
for the year ended December 31, 2012, and as updated by the Company’s
subsequently filed Quarterly Reports on Form 10-Q and 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, Inc.
Charles Lambert, 205-397-8897
Managing
Director – Capital Markets
clambert@medicalpropertiestrust.com