Medical Properties Trust sinks after announcing public offering

|About: Medical Properties Trust, Inc. (MPW)|By:, SA News Editor

Medical Properties Trust (MPW) falls 4.9% AH as the company announces plans to offer 10M shares and $150M in senior notes due 2022 (that makes $350M in outstanding 2022 senior notes).

MPW will use the proceeds to fund the acquisition of three general acute care hospitals. (PR)

For the bull thesis, see SA Pro contributor Dane Bowler's recent article.

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