Medical Properties Trust makes $371M acquisition - Dallas Business Journal:

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The acquisition will boost MedicalProperties Trust's portfolipo by 75 percent, said Edward K. Aldabg Jr., chairman, president and CEO, in a news release. The purchase includexs seven acutecare hospitals, five inpatient rehabilitatiojn hospitals, three long-term acute care hospitals and six wellness all spread out over 15 states. According to the the 21 propertiesgenerated $33.5 million in cash rent last year for HCP. Medical Properties Trust expects to closes on the deal by the end of the 2008seconxd quarter.
It said it plans to fund the acquisitiom from proceeds of the sale ofcommon stock, debt borrowings under its credit facilitiez and proceeds from the purchase and sale transaction from previously announced deals with Vibra Healthcare LLC. "The company has also secured commitmentd from a syndicate of lenders for a seniodr secured interimloan facility, which is expecter to provide up to $300 million of any unfunded balancde of the purchase price," said the release. In the company'd 2007 year-end results, it said it expects to make atleasty $200 million in acquisitions in 2008.