M&A Deal Summary

Prospect Medical Holdings Acquires Medical Properties Trust - Three Connecticut Hospitals

On October 6, 2022, Prospect Medical Holdings acquired healthcare services company Medical Properties Trust - Three Connecticut Hospitals from MPT for 457M USD

Acquisition Highlights
  • This is Prospect Medical Holdings’ 5th transaction in the Healthcare Services sector.
  • This is Prospect Medical Holdings’ largest (disclosed) transaction.
  • This is Prospect Medical Holdings’ 5th transaction in the United States.
  • This is Prospect Medical Holdings’ 1st transaction in Alabama.

M&A Deal Summary

Date 2022-10-06
Target Medical Properties Trust - Three Connecticut Hospitals
Sector Healthcare Services
Buyer(s) Prospect Medical Holdings
Sellers(s) MPT
Deal Type Divestiture
Deal Value 457M USD

Target

Medical Properties Trust - Three Connecticut Hospitals

Birmingham, Alabama, United States
Medical Properties Trust's Three Connecticut Hospitals is a provider of healthcare services.

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Buyer(S) 1

Buyer

Prospect Medical Holdings

Los Angeles, California, United States

website


Category Company
Founded 1993
Sector Healthcare Services
DESCRIPTION

Prospect Medical Holdings provides healthcare and physician services in Southern California, South Central Texas, Rhode Island, New Jersey, Connecticut, and Pennsylvania. Prospect’s hospitals are located in high-density population areas and maintain solid market positions in the areas they serve. Prospect Medical Holdings is based in Los Angeles, California.


DEAL STATS #
Overall 5 of 5
Sector (Healthcare Services) 5 of 5
Type (Divestiture) 2 of 2
State (Alabama) 1 of 1
Country (United States) 5 of 5
Year (2022) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-18 Cal Care IPA & Los Angeles Medical Center IPA - Riverside San Bernardino and San Diego Centers

Corona, California, United States

Cal Care IPA & Los Angeles Medical Center IPA - Riverside, San Bernardino, and San Diego Centers serves Los Angeles County by providing the highest level of commitment and support for its physicians.

Buy -

Seller(S) 1

SELLER

MPT

Birmingham, Alabama, United States

website


Category Company
Sector Real Estate
Employees119
Revenue 1.5B USD (2022)
DESCRIPTION

MPT is a self-advised real estate investment trust formed to capitalize on the changing trends in healthcare delivery by acquiring and developing net-leased healthcare facilities.


DEAL STATS #
Overall 4 of 4
Sector (Healthcare Services) 4 of 4
Type (Divestiture) 3 of 3
State (Alabama) 1 of 1
Country (United States) 4 of 4
Year (2022) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-29 Springstone

Louisville, Kentucky, United States

Springstone is a provider of high-quality behavioral healthcare services. Its inpatient and outpatient programs provide children and adults with the treatment of mental illness and addiction, offering a broad scope of services for a diverse patient population. In addition to traditional therapies, The company takes a holistic approach to treatment, offering yoga, art, and recreational therapy. Its engaged and mission-driven team is dedicated to Changing People’s Lives through a patient-centric approach to delivering superior outcomes. Springstone was formed in 2010 and is based in Louisville, Kentucky.

Sell -