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Medical Properties Trust reduces exposure to Adeptus

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Medical Properties Trust reduces exposure to Adeptus

Medical Properties Trust Inc. transferred the master lease of 11 of its freestanding emergency facilities to University of Colorado Hospital affiliate UCHealth from Adeptus Health Inc., which recently emerged from bankruptcy.

The master lease also has a new 15-year initial term, effective Jan. 1, 2018, with three five-year renewal options.

UCHealth's acquisition of the leases represents a gross investment of $58.6 million and reduces Medical Properties' exposure to Adeptus to less than 4.0% of total pro forma gross assets.