Medical Properties Trust (MPT) completed the $371 million cash sale of Idaho Falls Community Hospital and Mountain View Hospital. Intermountain Health, a nonprofit health system, purchased the real estate assets. The total transaction value reached $413 million, with the remaining proceeds distributed to minority owners.
The sale generated a gain of approximately $130 million over MPT's gross investment. MPT has now raised roughly $680 million in cash from asset sales during the third quarter. The company plans to use the majority of these proceeds to reduce its outstanding debt.