GTCR-backed Capella to Be Acquired by MPT for $900M
July 29, 2015
GTCR-backed Capella Healthcare has entered into a definitive agreement to be acquired by Medical Properties Trust (NYSE: MPW) in a transaction valued at $900 million and expected to close in 2Q. The deal's total value will be comprised of a $600 million investment in Capella's real estate and an approximate $300 million investment in the company's operating entities, which are expected to be owned jointly by MPT and Capella management. Backed by GTCR in 2005, Capella is a for-profit acute care hospital operator in the U.S. With the acquisition, MPT will add seven hospitals located in five U.S. states, with a total of 1,169 beds and over 2 million square feet of space.