Why Medical Properties Trust Stock Popped Today
Medical Properties Trust just became $1.1 billion richer.Shares of Medical Properties Trust (MPW 18.80%) soared 18.8% on Monday after the healthcare facilities-focused real estate investment trust (REIT) announced a major asset sale.Medical Properties Trust announces a huge Utah dealLate Friday, the company said it had sold its interests in five Utah hospitals to a newly formed joint venture with an investment fund for $886 million. Medical Properties Trust has retained a roughly 25% interest in the joint v ...