Springstone

Aware Recovery Care Appoints Earl Reed to Board of Directors

Retrieved on: 
Tuesday, November 7, 2023
Science, Humana, Reed, Hope, Growth, Hospital, Kindred Healthcare, Mental health, Pharmaceutical industry, Management, Springstone

Wallingford, CT, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Aware Recovery Care, a pioneer in the in-home mental health and substance use disorder treatment industry, announced today that it has appointed a new independent director, W. Earl Reed III to its Board of Directors.

Key Points: 
  • Wallingford, CT, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Aware Recovery Care, a pioneer in the in-home mental health and substance use disorder treatment industry, announced today that it has appointed a new independent director, W. Earl Reed III to its Board of Directors.
  • Reed is the founder of Springstone, Inc., a private equity-backed developer and operator of hospitals specializing in mental health and addiction treatment.
  • He was a board member and past chairman, president, and chief executive officer of Springstone.
  • “With his extensive experience in behavioral health, addiction treatment, and the broader healthcare ecosystem, Earl will be a valuable addition to Aware Recovery Care’s Board of Directors,” said Dr. Brian Holzer, chief executive officer of Aware Recovery Care.

Elara Caring Adds Chief Development Officer

Retrieved on: 
Wednesday, October 4, 2023
General Health, Health, Practice Management, Nursing, Managed Care, Hospice, Springstone, LifePoint Health, Humana, Mental health, Goldman Sachs, Acquisition, Patient, Palliative care, Corporation, Genstar Capital, Growth, Corporate development, Elara

Elara Caring, the only full-scale, multi-state home health provider of clinical and personalized services across the patient continuum, announced the addition of Brent Nash as Chief Development Officer, a new executive role specifically created to further maximize the provider’s growth strategy and meet the nation’s escalating home health needs.

Key Points: 
  • Elara Caring, the only full-scale, multi-state home health provider of clinical and personalized services across the patient continuum, announced the addition of Brent Nash as Chief Development Officer, a new executive role specifically created to further maximize the provider’s growth strategy and meet the nation’s escalating home health needs.
  • Before that, he led development, mergers & acquisitions, and payor relations for behavioral health provider Springstone - where he was Chief Development Officer of its management company, U.S. Behavioral Partners.
  • Elara Caring is one of the nation’s leading providers of home-based care, offering Skilled Home Health, Hospice, Personal Care Services, Behavioral Health, and Palliative Care.
  • The Elara Caring mission is to deliver exceptional, personalized health care services wherever patients call home.

Medical Properties Trust, Inc. Reports First Quarter Results

Retrieved on: 
Thursday, April 27, 2023
REIT, Hospitals, Health, Commercial Building & Real Estate, Construction & Property, MPT, Macquarie Group, Defamation, Viceroy, Partnership, International, Regulation Fair Disclosure, Bed, Telephone, COVID-19, Calendar, Disclosure, Sale, NFFO, AUD, Hospital, Medical Properties Trust, Priory Group, Investment, Acquisition, MPW, Court, United Kingdom, Webcast, NYSE, Regulation, CommonSpirit Health, Life insurance, Bank, Commercial property, Springstone, Priory, Healthscope

Medical Properties Trust, Inc. (the “Company” or “MPT”) (NYSE: MPW) today announced financial and operating results for the first quarter ended March 31, 2023, as well as certain events occurring subsequent to quarter end.

Key Points: 
  • Medical Properties Trust, Inc. (the “Company” or “MPT”) (NYSE: MPW) today announced financial and operating results for the first quarter ended March 31, 2023, as well as certain events occurring subsequent to quarter end.
  • The Company did not acquire any new hospital real estate during the first quarter and expects aggregate acquisitions during the entire first half of 2023 of approximately $150 million.
  • The properties are leased to or mortgaged by 54 hospital operating companies.
  • Call participants are to ask the operator to be joined to the Medical Properties Trust, Inc. conference call upon dialing in.

Medical Properties Trust, Inc. Reports Fourth Quarter and Full-year Results

Retrieved on: 
Thursday, February 23, 2023
Other Construction & Property, Commercial Building & Real Estate, Construction & Property, REIT, Regulation Fair Disclosure, Telephone, CommonSpirit Health, MPT, Medical Properties Trust, NYSE, Funds from operations, Priory, Acquisition, United Kingdom, Webcast, NFFO, Investment, Bed, Additional rent, Calendar, International, Sale, Regulation, COVID-19, Disclosure, MPW, Commercial property, Property management, Lease, Renewable energy, Reinsurance, Auction, Springstone

Medical Properties Trust, Inc. (the “Company” or “MPT”) (NYSE: MPW) today announced financial and operating results for the fourth quarter and full-year ended December 31, 2022, as well as certain events occurring subsequent to quarter end.

Key Points: 
  • Medical Properties Trust, Inc. (the “Company” or “MPT”) (NYSE: MPW) today announced financial and operating results for the fourth quarter and full-year ended December 31, 2022, as well as certain events occurring subsequent to quarter end.
  • The merged Priory and MEDIAN platforms are expected to continue to source select attractive real estate opportunities.
  • Call participants are to ask the operator to be joined to the Medical Properties Trust, Inc. conference call upon dialing in.
  • Accordingly, investors should monitor the Investor Relations page, in addition to following our press releases, SEC filings, public conference calls, presentations and webcasts.

Lifepoint Health Acquires Majority Ownership Interest in Springstone

Retrieved on: 
Tuesday, February 7, 2023
General Health, Mental Health, Other Health, Hospitals, Health, Bradley, Hospital, Barclays, Goldman Sachs, Paul, Weiss, Rifkind, Wharton & Garrison, Diagnosis, LifePoint Health, Patient, Sidley Austin, IOP, PHP, Medical Properties Trust, Rehabilitation, Springstone

Lifepoint Health announced today that it has completed the transaction to acquire a majority ownership interest in the operating company of Springstone, a national behavioral health provider.

Key Points: 
  • Lifepoint Health announced today that it has completed the transaction to acquire a majority ownership interest in the operating company of Springstone, a national behavioral health provider.
  • The transaction expands Lifepoint’s behavioral health services across the nation, adding Springstone’s 18 behavioral health hospitals and 35 outpatient locations across nine states into Lifepoint’s national diversified healthcare delivery network.
  • “We recognize that there is a widespread and critical need for expanding access to behavioral health services, and both Lifepoint and Springstone share a commitment to providing high quality, compassionate behavioral healthcare to communities across the nation,” said David Dill, chairman and chief executive officer of Lifepoint Health.
  • “Our companies have long shared a goal of bringing best-in-class behavioral health services to the communities we serve.

Medical Properties Trust Announces Authorization of Stock Repurchase Program

Retrieved on: 
Monday, October 10, 2022
Hospitals, Construction & Property, Health, REIT, Health, XV, Securities Act of 1933, 100,000, Sale, Risk, SEC, Government, NFFO, Bed, Hand, Xi, Movement, NYSE, Annual report, Patient, Hospital, Income, Investment, REIT, Technology, Company, Acquisition, Industry, Medical Properties Trust, Board, Nature, LifePoint Health, Securities Exchange Act of 1934, Vii, Board of directors, MPT, Forward-looking statement, MPW, COVID-19, Bank, Springstone

Medical Properties Trust, Inc. (the Company or MPT) (NYSE: MPW) today announced that its Board of Directors has authorized the repurchase of up to $500 million of MPTs outstanding common stock before October 2023.

Key Points: 
  • Medical Properties Trust, Inc. (the Company or MPT) (NYSE: MPW) today announced that its Board of Directors has authorized the repurchase of up to $500 million of MPTs outstanding common stock before October 2023.
  • Any stock repurchases are expected to be materially neutral to the Companys leverage ratio and will be funded primarily with cash on hand, operating cash flow, loan repayments, dispositions, and/or joint venture transactions.
  • Medical Properties Trust, Inc. is a self-advised real estate investment trust formed in 2003 to acquire and develop net-leased hospital facilities.
  • We disclaim any responsibility to update such forward-looking statements, which speak only as of the date on which they were made.

Medical Properties Trust Announces Agreement to Sell Connecticut Hospitals

Retrieved on: 
Thursday, October 6, 2022
REIT, General Health, Health, Commercial Building & Real Estate, Construction & Property, Health, XV, Securities Act of 1933, 100,000, Sale, Risk, SEC, Government, NFFO, Bed, Xi, Movement, NYSE, Annual report, Patient, Yale New Haven Health System, Hospital, Income, Investment, REIT, Technology, Company, Acquisition, Industry, Medical Properties Trust, Nature, LifePoint Health, Securities Exchange Act of 1934, Vii, MPT, Forward-looking statement, MPW, COVID-19, Bank, Yale University, Springstone

Medical Properties Trust, Inc. (the Company or MPT) (NYSE: MPW) today announced that it has entered into definitive agreements for the sale of three Connecticut hospitals to Prospect Medical Holdings (Prospect), the current lessee.

Key Points: 
  • Medical Properties Trust, Inc. (the Company or MPT) (NYSE: MPW) today announced that it has entered into definitive agreements for the sale of three Connecticut hospitals to Prospect Medical Holdings (Prospect), the current lessee.
  • Separately, Yale New Haven Health (Yale) has agreed to acquire the hospital operations from Prospect in a contemporaneous transaction.
  • The strong interest of Yale in the Connecticut facilities further validates MPTs underwriting of these properties as essential hospital infrastructure due to their physical quality, local demographics, reimbursement sources and other key underwriting criteria.
  • Medical Properties Trust, Inc. is a self-advised real estate investment trust formed in 2003 to acquire and develop net-leased hospital facilities.

BRENTWOOD CAPITAL ADVISORS TAPS DAN BEUERLEIN AS MANAGING DIRECTOR

Retrieved on: 
Tuesday, September 13, 2022
Culture, Private equity, Brentwood Associates, Fertility, BCA, IEEE Medal for Innovations in Healthcare Technology, Corporate services, Symbion, Multimedia, Industry, Management, Springstone

NASHVILLE, Tenn., Sept. 13, 2022 /PRNewswire/ --Brentwood Capital Advisors ("BCA"), one of the nation's premier independent investment banks serving growth-oriented, middle-market Healthcare Services, Healthcare Technology, and Business Services companies, is pleased to announce the hiring of Dan Beuerlein as Managing Director.

Key Points: 
  • NASHVILLE, Tenn., Sept. 13, 2022 /PRNewswire/ --Brentwood Capital Advisors ("BCA"), one of the nation's premier independent investment banks serving growth-oriented, middle-market Healthcare Services, Healthcare Technology, and Business Services companies, is pleased to announce the hiring of Dan Beuerlein as Managing Director.
  • Mr. Beuerlein brings over 20 years of experience in multi-state, multi-site healthcare operations with an emphasis on building and scaling mission-driven Private Equity backed companies in the ambulatory/acute care, women's health/fertility, and behavioral health/autism industries.
  • "We are so proud to have Dan join our team," states L.A. Galyon, Partner.
  • "It's an honor and privilege to join a firm known for its expertise and commitment to quality client service," remarks Dan Beuerlein, Managing Director.

Medical Properties Trust Announces Successful Operator Transition at Watsonville Community Hospital and Sale of 11 Facilities to Prime Healthcare

Retrieved on: 
Wednesday, September 7, 2022
Health, Hospitals, Commercial Building & Real Estate, Construction & Property, General Health, REIT, CA, COVID-19, Movement, Technology, Bed, Securities Exchange Act of 1934, NYSE, Securities Act of 1933, XV, Government, Xi, Nature, Risk, State government, Health, SEC, 100,000, REIT, Investment, Hospital, MPW, MPT, Company, NFFO, LifePoint Health, Medical Properties Trust, Annual report, Industry, Acquisition, Vii, Forward-looking statement, Patient, Income, Health insurance, Bank, Springstone

Medical Properties Trust, Inc. (the Company or MPT) (NYSE: MPW) today announced that it has successfully re-leased its Watsonville Community Hospital in Watsonville, CA to Pajaro Valley Health Care District Corporation (Pajaro) and has sold certain facilities to Prime Healthcare (Prime) pursuant to a tenant purchase option.

Key Points: 
  • Medical Properties Trust, Inc. (the Company or MPT) (NYSE: MPW) today announced that it has successfully re-leased its Watsonville Community Hospital in Watsonville, CA to Pajaro Valley Health Care District Corporation (Pajaro) and has sold certain facilities to Prime Healthcare (Prime) pursuant to a tenant purchase option.
  • In late August, Pajaro, a local not-for-profit organization recently created with strong community and state government financial support, acquired the operations of Watsonville Community Hospital following a relatively short bankruptcy process.
  • The outcome of this transaction again validates MPTs ability to underwrite hospitals with infrastructure characteristics that are appealing to multiple competent operators.
  • Medical Properties Trust, Inc. is a self-advised real estate investment trust formed in 2003 to acquire and develop net-leased hospital facilities.

LifePoint Health Signs Agreement to Acquire Majority Ownership Interest in Springstone

Retrieved on: 
Monday, August 29, 2022
Hospitals, Health, Mental Health, CEO, Bradley, LLP, Rehabilitation, Goldman Sachs, Paul, Weiss, Rifkind, Wharton & Garrison, Sidley Austin, LifePoint Health, Hospital, Population, Medical Properties Trust, Growth, Barclays, Health, Patient, Management, Springstone

LifePoint Health and Springstone today announced they have entered into a definitive agreement for a subsidiary of LifePoint to acquire a majority ownership interest in the operating company of Springstone.

Key Points: 
  • LifePoint Health and Springstone today announced they have entered into a definitive agreement for a subsidiary of LifePoint to acquire a majority ownership interest in the operating company of Springstone.
  • Springstone is a leading behavioral health provider with 18 behavioral health hospitals and 35 outpatient locations across nine states.
  • Today, LifePoint supports more than 30 behavioral health units within community hospitals and sites of care across the country as well as three inpatient behavioral health facilities.
  • Springstone is thrilled to join the LifePoint Health team, said Philip Spencer, chief executive officer of U.S. Behavioral Partners, Springstones management company.