Medical Properties Trust, Inc. (the “Company”) (NYSE: MPW) today announced that Monroe Hospital has updated its clinical affiliation with St. Vincent Health to continue building and developing state-of-the-art cardiology and orthopedic services. The hospital has hired Joseph Roche, a former St. Vincent Health Regional Hospital President, to serve as the CEO of Monroe Hospital.
Roche, a 30-year hospital industry veteran, served as the Regional Critical Access Hospital President of the Southern Region for St. Vincent Health and led the system’s integration efforts with Monroe Hospital since 2012. Under Roche’s leadership, Monroe Hospital formed partnerships with the St. Vincent Medical Group and the St. Vincent Heart Center of Indiana.
Monroe Hospital has ended its formal management agreement with St. Vincent Health, but will continue to be clinically affiliated with St. Vincent Health to serve the residents of Bloomington, Indiana and the surrounding area. On the leading edge of technology, Monroe Hospital is a general acute care hospital committed to providing superior healthcare.
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. For more information, please visit the Company’s website at www.medicalpropertiestrust.com. The statements in this press release that are forward looking are based on current expectations and actual results or future events may differ materially. Words such as “expects,” “believes,” “anticipates,” “intends,” “will,” “should” and variations of such words and similar expressions are intended to identify such forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results of the Company or future events to differ materially from those expressed in or underlying such forward-looking statements, including without limitation: the capacity of the Company’s tenants to meet the terms of their agreements; Normalized FFO per share; expected payout ratio, the amount of acquisitions of healthcare real estate, if any; capital markets conditions, the repayment of debt arrangements; statements concerning the additional income to the Company as a result of ownership interests in certain hospital operations and the timing of such income; the restructuring of the Company’s investments in non-revenue producing properties; the payment of future dividends, if any; completion of additional debt arrangement, and additional investments; national and economic, business, real estate and other market conditions; the competitive environment in which the Company operates; the execution of the Company's business plan; financing risks; the Company's ability to maintain its status as a REIT for federal income tax purposes; acquisition and development risks; potential environmental and other liabilities; and other factors affecting the real estate industry generally or healthcare real estate in particular. For further discussion of the factors that could affect outcomes, please refer to the “Risk factors” section of the Company's Annual Report on Form 10-K for the year ended December 31, 2012, and as updated by the Company’s subsequently filed Quarterly Reports on Form 10-Q and other SEC filings. Except as otherwise required by the federal securities laws, the Company undertakes no obligation to update the information in this press release.