Medical Properties Trust, Inc. (MPT) has announced that it has entered into a definitive agreement to sell its Australian real estate investments operated by Healthscope to affiliates of HMC Capital. 

Based in part on a lease capitalization rate of around 5.7%, the total consideration for the Company's Healthscope portfolio is expected to generate enough cash to fully prepay the AU$1.2 billion (US$802 million) term loan utilized to finance the 2019 acquisition of the 11 hospitals leased to Healthscope. The breadth and tenacity of demand for hospital infrastructure assets are demonstrated by the sale of this portfolio through a competitive process, in the midst of an exceptional disruption to the global capital markets.

Goldman Sachs & Co. LLC is acting as the exclusive financial advisor and Arnold Bloch Leibler is acting as the legal advisor to MPT. The transaction is expected to be completed in the second half of 2023, subject to certain regulatory approvals.