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Medical Properties Trust Cuts Dividend in Half to Bolster its Balance Sheet
After several large-scale divestments, one of the largest hospital landlords in the country is cutting its dividend to investors by nearly 50%. Medical Properties Trust, Inc. (NYSE: MPW) announced on Monday that “its Board of Directors has adopted an updated capital allocation strategy designed to significantly strengthen its balance sheet.” The dividend will be slashed from $0.29 per quarter to $0.15, which, according to the company, should help reduce leverage and improve long-term debt and equity capital costs. This change follows a number of divestments from MPW’s portfolio after the past 18 months that have resulted in lower adjusted funds from operations, including its... Read More »
M3 Acquires NHS Staffing Platform Messly
M3, Inc., a Japanese healthcare investment firm, is acquiring Messly, a London-based company which aims to combat NHS staffing shortages. Christopher Kurwie and Abrar Gundroo, founders of Messly, have sold their businesses to M3 for an undisclosed price. The pair had jointly control just under 50% of the share capital of Messly, which they founded in 2017. Messly is a recruiting marketplace platform for U.K. doctors, for surgeries and hospitals to hire locums, or temporary doctors, at short notice. According to the press release, around 70% of trainee doctors in the United Kingdom have registered with Messly. M3, Inc. is. The company was founded in 2000 and is headquartered in Tokyo. M3,... Read More »
BV Investment Partners Announces Investment in Hardenbergh Group
Private equity firm BV Investment Partners has announced a growth-oriented investment in Hardenbergh Group, a provider of non-clinical professional staffing, consulting, physician peer review and outsourced solutions to healthcare organizations nationwide. Founded in 1991 by Mary Hardenbergh and based in Livonia, Michigan, Hardenbergh Group offers services in consulting and the interim staffing of medical services professionals and other non-clinical roles essential to patient safety, quality of care and other governance, risk and compliance requirements of leading healthcare organizations. BV Investment Partners is one of the oldest and most experienced sector-focused private equity firms... Read More »
Thomas Park Investments Acquires Reliant Health Southborough
Thomas Park Investments (TPI) announced that it acquired Reliant Health Southborough, an outpatient medical office building (MOB) through a joint venture with an equity partner. JLL represented the joint venture. The MOB totals 125,000 square feet. The outpatient medical center is anchored by Reliant Medical Group, UMass Memorial and Walgreens. TPI is a private equity real estate firm focused on healthcare real estate within the mid-Atlantic region. The firm was founded in 2019 and offers more than 28 years of commercial real estate experience. It manages nearly 700,000 square feet of medical office capacity. According to data captured in the LevinPro HC database, this transaction... Read More »
