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ABL advises on $1.25bn hospital deal as part of Brookfield’s Healthscope takeover

Banking & Finance, Corporate and M&A, Property & Development
Hospital and doctors
Arnold Bloch Leibler (ABL) has acted for Medical Properties Trust (MPT) on the acquisition of $1.25bn of hospitals from Australian private hospital operator Healthscope. The deal is hinged on and represents a key pillar of the broader Brookfield Capital Partners’ $4.5bn parallel scheme and takeover offer for ASX-listed Healthscope.

MPT is a NYSE-listed real estate investment trust (REIT) that acquires, develops, and invests in healthcare facilities, leasing these facilities to healthcare operating companies and providers. 

The multi-disciplinary ABL team advising MPT on the transaction included Partner Jonathan Wenig and Senior Associate Scott Phillips (Corporate & Commercial); Partner Ben Mahoney (Banking and Finance), and Partner Ken Gray and Senior Associate Dorian Henneron (Property & Development).

Ben Mahoney congratulated MPT on behalf of the ABL team: “This is a great outcome for MPT, particularly given the complexity of the deal structure required to make the transaction work. We look forward to assisting MPT on the path toward settlement.”

Scott Phillips added: “This transaction is a great example of foreign investors’ appetite for quality Australian social infrastructure assets. It is great to see investors of the calibre of MPT choose to invest in the assets that Australia needs to care for our growing and ageing population.”

As referenced in MPT’s announcement, the transaction will further enhance MPT’s tenant and geographic diversification objectives. Edward K. Aldag Jr - MPT’s Chairman, President and CEO - commented: “We are very excited to enter 2019 with the opportunity to establish a new long-term relationship with Brookfield and Healthscope, Australia’s second largest private hospital operator”.

About Arnold Bloch Leibler 

Arnold Bloch Leibler is a premium Australian commercial law firm renowned for advising clients on their most important transactions, commercial issues and disputes. From offices in Melbourne and Sydney, the firm provides advice to a diverse range of entrepreneurial Australian listed companies, family businesses, high-net-worth individuals and international corporations. The firm also has a dedicated pro bono practice providing advice on social, environmental and cultural issues to more than 150 charitable and not-for-profit organisations.

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