Steward intends to invest in these facilities so that they stay and thrive in Malta. Through the public-private partnership that resulted from Steward's purchase of Vitals Global Healthcare's concessions to run facilities entrusted to it, Steward will also construct and run campus facilities for Barts and the London School of Medicine and Dentistry, and offer Steward hospitals as teaching facilities for medical students. With its impressive track-record, Steward is the ideal partner to realise such a critical infrastructural upgrade of our hospitals while offering the best medical services to patients." "Our resolve to upgrade Malta and Gozo's healthcare services to world-class levels has been given a further boost through this partnership. "Steward Health Care shares our same vision for the future of healthcare in Malta," said Prime Minister Dr. Steward hospitals regularly receive top awards for quality and safety, including the "Gold Ribbon Seal in Healthcare" from the Joint Commission on Accreditation and an "A" rating for Hospital Safety from the Leapfrog Group. The company employs approximately 40,000 health care professionals. Today, Steward is the largest private hospital operator in the United States with 36 community hospitals across ten states. Steward has transformed health care in America by turning around struggling hospitals and embedding them in a new, comprehensive delivery model that is designed to support local communities and produce better health outcomes for patients. We will invest in the medical facilities entrusted to us, upgrading them into state-of the-art hospitals, and will help ensure that the Maltese people live healthy, active lives." Ralph de la Torre, Chairman and CEO of Steward Health Care. "We look forward to implementing this new model of exceptional care in Malta. "Steward's innovative care model has successfully helped patients across the United States receive high-quality care while reducing medical expenses," said Dr. Steward, which is physician-led and the largest private hospital operator in the United States, is now the government of Malta's health care partner and will run a number of public medical facilities in the country. 20, 2018 /PRNewswire/ - Steward Health Care System LLC ( ) today finalized a public-private partnership to deliver exceptional health care to the people of Malta. Upon completion of the transaction between HCA Healthcare and Steward, MPT and HCA Healthcare will enter into a new 15-year master lease for the five Utah hospitals, with no change to the cash rent payable to MPT under the existing Steward master lease. Since the acquisition of the Utah hospitals in 2017, MPT has recorded more than $300 million in real estate rent and interest from the properties. Following completion of this agreement with HCA Healthcare and closing of other recently announced transactions, the percentage of MPT’s portfolio represented by Steward assets is expected to decrease to approximately 17%. MPT’s purchase price of $1.2 billion for the Utah hospitals represents approximately 5% of the company’s total pro forma gross assets, which will place HCA Healthcare among the five largest tenants in the MPT portfolio. Medical Properties Trust has entered into an agreement to lease substantially all of its Utah hospitals to HCA Healthcare following an agreement by HCA Healthcare to purchase the operations of five Utah facilities from Steward Health Care System.
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