This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Medical Properties Trust Inc. Announces Agreements With St. Vincent Health, Inc. To Operate Monroe Hospital

Medical Properties Trust, Inc. (NYSE: MPW) announced today that Monroe Hospital, a Medical Properties Trust acute care hospital facility, has entered into a four year agreement with St. Vincent Health, Inc. (a member of Ascension Health). Under the terms of the agreement St. Vincent Health will manage and operate Monroe Hospital in Bloomington, IN. In addition, Medical Properties Trust and St. Vincent Health have also signed a letter of intent providing St. Vincent Health with the option to purchase or lease the hospital facilities and purchase the Monroe Hospital operations.

“We believe this commitment and significant investment of resources by St. Vincent Health underscore the long-term viability, stability and need for Monroe Hospital in the Bloomington market,” said Edward K. Aldag, Jr., Chairman, President and CEO of Medical Property Trust. “St. Vincent Health has long been considered a top healthcare provider in Indiana, and we believe its major presence in the local market will attract many Bloomington-area physicians and surgeons to the state-of-the-art facilities at Monroe Hospital. We look forward to a successful relationship with the community and the St. Vincent Health management team.”

The management agreement, which is between Monroe Hospital LLC and St. Vincent Health, provides that St. Vincent Health will manage operations for Monroe Hospital with the intent of enhancing local healthcare for the community. During the term of the management agreement, St. Vincent Health will oversee quality efforts, physician relations, patient experience, finance, and other functions with the goal of increasing efficiency, enhancing quality-of-care and reducing costs. Monroe Hospital was previously managed by Vibra Acute Care, LLC, an affiliate of national hospital operator Vibra Healthcare.

“Brad Hollinger and his management team at Vibra have operated exceptionally and positioned Monroe Hospital as an attractive hospital in the Bloomington market,” continued Mr. Aldag. “We are grateful for their dedication to the community and appreciate their continued assistance as operations of Monroe Hospital are successfully transitioned to the management team at St. Vincent Health.”

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 16,834.19 +57.76 0.34%
S&P 500 1,983.74 -3.31 -0.17%
NASDAQ 4,750.6090 -30.6550 -0.64%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs