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Medical Properties Trust closes $148M sale of Texas medical center

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Medical Properties Trust closes $148M sale of Texas medical center

Medical Properties Trust Inc. wrapped up its $148 million sale of the 139-bed North Cypress Medical Center in Cypress, Texas, to Hospital Corporation of America, realizing a gain of about $100 million.

The healthcare real estate investment trust will use the proceeds from the sale to make further real estate purchases in the U.S. and for other corporate purposes.