Last week I added to an existing holding. On February 16th 6 I purchased another 100 shares of MPW for about $ 13 per share. This new purchase adds almost $ 116 to my annual forward dividend income. I first bought shares in MPW about 6 months ago for $14 per share.
They had some (serious) operator troubles but seem to be handling it. Last week MPW announced that it has agreed to lease its entire Utah hospital portfolio to Catholic Health Initiatives Colorado, a wholly owned subsidiary of CommonSpirit Health (“CommonSpirit”), subsequent to CHIC’s pending acquisition of the Utah hospital business currently operated by Steward Health Care System (“Steward”). Centura Health (“Centura”) will manage the facilities for CHIC. The expected transaction will further MPT’s long-term efforts to improve portfolio diversification by property type, geography and, in this case, operator.