Issuance of Secured Bonds
In February, Medical Properties Trust issued over $2.5 billion of seven-year secured bonds at a blended coupon rate of approximately 7.8%, strengthening the balance sheet and providing liquidity to cover all debt maturities through 2026.
Improved Operator Performance
Operators reported strong revenues driven by reimbursement rate increases and admission trends. The company saw an uptick in year-over-year EBITDARM coverage across asset types.
Successful Transition of New Operators
New tenants such as HSA, Honor Health, Quorum Health, and others are showing strong growth and operational efficiency across various regions.
International Portfolio Strength
European operators like Circle Health and Priory in the UK, and Median in Germany are showing strong performance driven by increased surgical volumes and improved reimbursement environments.