Medical Properties Trust, Inc. Provides Portfolio Update

Medical Properties Trust, Inc. (the “Company” or “MPT”) (NYSE: MPW) today provided updates with respect to certain hospitals currently leased to Prospect Medical Holdings (“Prospect”) as well as recent asset sales.

Yale New Haven Health System (“Yale”) has entered into a settlement agreement with Prospect and MPT under which Yale will pay $45 million to Prospect, while Prospect and MPT will release Yale of any obligation to purchase the three facilities in Connecticut that it agreed to purchase in 2022. MPT expects that the $45 million will be used to reduce the Company’s outstanding debtor-in-possession (“DIP”) loan to Prospect. The settlement remains subject to approval of the Bankruptcy Court overseeing Prospect’s Chapter 11 case.

In addition, with respect to the hospitals operated by Prospect in Connecticut, Prospect has entered into a definitive agreement with an operator to purchase two of the facilities and is in discussions with another operator to purchase the third facility. Those sales are also subject to Court approval. The $45 million settlement payment from Yale will be additive to proceeds from the sales of all three facilities. Upon completion of these sales, the receipt of the Yale payment and finalization of other previously announced California transactions, MPT expects full repayment of its recent $105 million DIP loan balance, following which its only remaining potential DIP commitment would be a conditional loan of up to $30 million secured by assets including proceeds of causes of action.

Separately, MPT recently sold two facilities in Phoenix, Arizona for approximately $50 million, pursuant to a tenant purchase option. The facilities, which generated nominal monthly cash rent, were among 18 hospitals re-tenanted in 2024 following MPT’s Global Settlement with Steward Health Care System.

MPT expects to use the anticipated cash receipts from the Prospect DIP repayment, the Arizona asset sales and other asset sales for debt repayment, investments, returns to shareholders and general corporate purposes.

About Medical Properties Trust, Inc.

Medical Properties Trust, Inc. is a self-advised real estate investment trust formed in 2003 to acquire and develop net-leased hospital facilities. From its inception in Birmingham, Alabama, the Company has grown to become one of the world’s largest owners of hospital real estate with 392 facilities and approximately 39,000 licensed beds in nine countries and across three continents as of June 30, 2025. MPT’s financing model facilitates acquisitions and recapitalizations and allows operators of hospitals to unlock the value of their real estate assets to fund facility improvements, technology upgrades and other investments in operations. For more information, please visit the Company’s website at www.medicalpropertiestrust.com.