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Medical Properties Trust Announces Pricing Of Public Offering Of 20.5 Million Shares Of Common Stock

Medical Properties Trust, Inc. (the "Company") (NYSE: MPW) announced today that it priced its underwritten public offering of 20,500,000 shares of common stock (the "Offering") at $9.75 per share. The Company has granted the underwriters a 30-day option to purchase up to 3,075,000 additional shares of common stock. The Company estimates that the net proceeds from the Offering after underwriting discounts and commissions and estimated offering expenses, will be approximately $189,880,000 or approximately $218,662,000 if the underwriters' option to purchase additional shares is exercised in full.

BofA Merrill Lynch, J.P. Morgan, Deutsche Bank Securities, KeyBanc Capital Markets and RBC Capital Markets are acting as joint bookrunning managers for the Offering; SunTrust Robinson Humphrey as lead manager; and Morgan Keegan, Raymond James, JMP Securities and Stifel Nicolaus Weisel as co-managers.

The Company intends to use the net proceeds from the Offering to fund a portion of the consideration for the acquisition of assets from and loans to Ernest Health, Inc. (the "Ernest Acquisition Transactions"), which were announced yesterday, January 31, 2012. The Offering is not conditioned on the completion of the transactions with Ernest Health, Inc.

The Offering is expected to close on February 7, 2012, subject to customary closing conditions. All of the shares of common stock will be issued by the Company and will be issued under the Company's currently effective shelf registration statement on Form S-3 filed with the Securities and Exchange Commission ("SEC").

This press release does not constitute an offer to sell or the solicitation of an offer to buy any shares of the Company's common stock, nor shall there be any sale of these securities in any jurisdiction in which such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The offering may be made only by means of a prospectus and a related prospectus supplement, which have been or will be filed with the SEC. When available, the prospectus supplement and accompanying base prospectus may be obtained from BofA Merrill Lynch, 4 World Financial Center, New York, NY 10080, Attn: Prospectus Department or by e-mail at dg.prospectus_requests@baml.com or from J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or by visiting the EDGAR database on the SEC's web site at www.sec.gov.

About Medical Properties Trust, Inc.

Medical Properties Trust, Inc. is a Birmingham, Alabama based self-advised real estate investment trust formed to capitalize on the changing trends in healthcare delivery by acquiring and developing net-leased healthcare facilities. These facilities include inpatient rehabilitation hospitals, long-term acute care hospitals, regional acute care hospitals, ambulatory surgery centers and other single-discipline healthcare facilities, such as heart hospitals and orthopedic hospitals.

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