Medical Properties Trust, Inc. (NYSE: MPW; LSE: 0JZZ) is a self-advised real estate investment trust that acquires, develops, owns, and manages healthcare facilities, primarily hospitals and medical office buildings, leased to third-party healthcare operators under long-term net leases. The company owns approximately 400 facilities with over 40,000 licensed beds, including general acute care hospitals, behavioral health facilities, post-acute care facilities, freestanding emergency rooms, and medical office buildings; its tenant base comprises leading healthcare operators such as Steward Health Care, Prime Healthcare Services, Rank Group, and Circle Health Group, serving patients across the continuum of care. Medical Properties Trust operates in the United States, the United Kingdom, Germany, Spain, Portugal, Italy, Switzerland, and South America, with a portfolio diversified by geography and operator to mitigate risk. Founded in 2003 and headquartered in Birmingham, Alabama, the company focuses on high-growth healthcare real estate markets with attractive supply-demand dynamics. In recent developments, Medical Properties Trust completed the sale of its U.S. operations to an affiliate of Leonard Green & Partners in October 2024 for $1.8 billion, enabling deleveraging and portfolio optimization; it also restructured its relationship with Steward Health Care, including the sale of eight hospitals and a $585 million cash infusion in 2024 to address tenant challenges and enhance financial stability.