UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-K/A
(Amendment No. 1)
(Mark One)
☒ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 2020
or
☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from to
Commission file number 001-32559
Commission file number 333-177186
Medical Properties Trust, Inc.
MPT Operating Partnership, L.P.
(Exact Name of Registrant as Specified in Its Charter)
Maryland Delaware | | 20-0191742 20-0242069 |
(State or Other Jurisdiction of Incorporation or Organization) | | (IRS Employer Identification No.) |
1000 Urban Center Drive, Suite 501 Birmingham, AL | | 35242 | |
(Address of Principal Executive Offices) | | (Zip Code) |
(205) 969-3755
(Registrant’s telephone number, including area code)
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
Common stock, par value $0.001 per share of Medical Properties Trust, Inc. | MPW | The New York Stock Exchange |
Securities registered pursuant to Section 12(g) of the Act:
None
Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.
Medical Properties Trust, Inc. Yes ☒ No ☐ MPT Operating Partnership, L.P. Yes ☐ No ☒
Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.
Medical Properties Trust, Inc. Yes ☐ No ☒ MPT Operating Partnership, L.P. Yes ☐ No ☒
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
Medical Properties Trust, Inc. Yes ☒ No ☐ MPT Operating Partnership, L.P. Yes ☒ No ☐
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).
Medical Properties Trust, Inc. Yes ☒ No ☐ MPT Operating Partnership, L.P. Yes ☒ No ☐
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
Medical Properties Trust, Inc.
Large accelerated filer | | ☒ | | Accelerated filer | | ☐ |
Non-accelerated filer | | ☐ | | Smaller reporting company | | ☐ |
| | | | Emerging growth company | | ☐ |
MPT Operating Partnership, L.P.
Large accelerated filer | | ☐ | | Accelerated filer | | ☐ |
Non-accelerated filer | | ☒ | | Smaller reporting company | | ☐ |
| | | | Emerging growth company | | ☐ |
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbans-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report. ☒
Indicate by check mark whether the registrant is a shell company (as defined in 12b-2 of the Act).
Medical Properties Trust, Inc. Yes ☐ No ☒ MPT Operating Partnership, L.P. Yes ☐ No ☒
As of June 30, 2020, the aggregate market value of the 523.8 million shares of common stock, par value $0.001 per share (“Common Stock”), held by non-affiliates of Medical Properties Trust, Inc. was $9.8 billion based upon the last reported sale price of $18.80 on the New York Stock Exchange on that date. For purposes of the foregoing calculation only, all directors and executive officers of Medical Properties Trust, Inc. have been deemed affiliates.
As of February 19, 2021, 580.0 million shares of Common Stock were outstanding.
DOCUMENTS INCORPORATED BY REFERENCE
Portions of the definitive Proxy Statement of Medical Properties Trust, Inc. for the Annual Meeting of Stockholders held on May 26, 2021 are incorporated by reference into Items 10 through 14 of Part III, of this Annual Report on Form 10-K.
Explanatory Note
This Amendment No. 1 to the combined Annual Report on Form 10-K for the fiscal year ended December 31, 2020 of Medical Properties Trust, Inc. and MPT Operating Partnership, L.P. is filed for the sole purpose of amending Item 15 of Part IV to include the consolidated financial statements of Steward Health Care System LLC (“Steward”), which were not available at the time the combined Annual Report on Form 10-K was initially filed. At December 31, 2020, our properties leased to Steward constituted more than 20% of our assets and these properties were leased to Steward under long-term, triple-net leases that transfer substantially all operating costs to Steward and Steward’s financial statements may thus be material to investors. The audited financial statements of Steward as of, and for the years then ended, December 31, 2020 and 2019 are attached to this report as Exhibit 99.1. These financial statements were provided to us by Steward, and Medical Properties Trust, Inc. did not participate in their preparation or review.
Other than as expressly set forth above, this Amendment does not, and does not purport to, update or restate the information in any other Item of the originally filed annual report. This Amendment consists solely of the preceding cover page, this explanatory note, the information required by Item 15 of Form 10-K as provided in Exhibit 99.1, an updated exhibit index, a signature page, the accountants’ consent for Steward’s audited financial statements, and the certifications required to be filed as exhibits hereto.
Item 15. Exhibits and Financial Statement Schedules.
(a) Financial Statements and Financial Statement Schedules
The financial statements and financial statement schedules for Medical Properties Trust, Inc. and MPT Operating Partnership, L.P. were previously listed in and included with the Annual Report on Form 10-K for the fiscal year ended December 31, 2020, filed on March 1, 2021.
The audited financial statements of Steward Health Care System LLC as of, and for the years then ended, December 31, 2020 and 2019 are attached as Exhibit 99.1 hereto.
(b) Exhibits
Exhibit Number | | Description | | Form | | File Number | | Exhibit Number | | Filing Date |
3.1 | | Second Articles of Amendment and Restatement of Medical Properties Trust, Inc. | | S-11/A | | 333-119957 | | 3.1 | | January 6, 2005 |
3.2 | | Articles of Amendment of Second Articles of Amendment and Restatement of Medical Properties Trust, Inc. | | 10-Q | | 001-32559 | | 3.1 | | November 10, 2005 |
3.3 | | Articles of Amendment of Second Articles of Amendment and Restatement of Medical Properties Trust, Inc. | | 8-K | | 001-32559 | | 3.1 | | January 13, 2009 |
3.4 | | Articles of Amendment to Second Articles of Amendment and Restatement of Medical Properties Trust, Inc. | | 8-K | | 001-32559 | | 3.1 | | January 31, 2012 |
3.5 | | Articles of Amendment to Second Articles of Amendment and Restatement of Medical Properties Trust, Inc. | | 8-K | | 001-32559 | | 3.1 | | June 26, 2015 |
3.6 | | Articles of Amendment to Second Articles of Amendment and Restatement of Medical Properties Trust, Inc. | | 10-Q | | 001-32559 | | 3.2 | | August 10, 2015 |
3.7 | | Articles of Amendment to the Second Articles of Amendment and Restatement of Medical Properties Trust, Inc. | | 8-K | | 001-32559 | | 3.1 | | November 8, 2019 |
3.8 | | Second Amended and Restated Bylaws of Medical Properties Trust, Inc. | | 8-K | | 001-32559 | | 3.1 | | November 24, 2009 |
3.9 | | Amendment to Second Amended and Restated Bylaws of Medical Properties Trust, Inc. | | 8-K | | 001-32559 | | 3.2 | | June 26, 2015 |
3.10 | | Amendment to Second Amended and Restated Bylaws of Medical Properties Trust, Inc. | | 8-K | | 001-32559 | | 3.1 | | November 16, 2016 |
3.11 | | Amendment to Second Amended and Restated Bylaws of Medical Properties Trust, Inc. | | 8-K | | 001-32559 | | 3.1 | | February 22, 2017 |
3.12 | | Amendment to Second Amended and Restated Bylaws of Medical Properties Trust, Inc. | | 8-K | | 001-32559 | | 3.1 | | May 25, 2018 |
3.13 | | Amendment to Second Amended and Restated Bylaws of Medical Properties Trust, Inc. | | 8-K | | 001-32559 | | 3.1 | | May 22, 2020 |
4.1 | | Form of Common Stock Certificate | | S-11/A | | 333-119957 | | 4.1 | | January 6, 2005 |
4.2 | | Description of Securities of Medical Properties Trust, Inc. Registered under Section 12 of the Securities Exchange Act, as amended | | 10-K | | 001-32559 | | 4.2 | | February 27, 2020 |
4.3 | | Indenture, dated as of October 10, 2013, among Medical Properties Trust, Inc., MPT Operating Partnership, L.P., MPT Finance Corporation, the Subsidiary Guarantors and Wilmington Trust, N.A., as Trustee. | | 8-K | | 001-32559 | | 4.1 | | October 16, 2013 |
4.4 | | Eighth Supplemental Indenture to 2013 Indenture, dated as of August 19, 2015, among Medical Properties Trust, Inc., MPT Operating Partnership, L.P., MPT Finance Corporation, Wilmington trust, N.A., as Trustee, Deutsche Bank Trust company Americas, as Paying Agent, and Deutsche Bank Luxembourg S.A., as Registrar and Transfer Agent. | | 8-K | | 001-32559 | | 4.1 | | August 21, 2015 |
4.5 | | Tenth Supplemental Indenture, dated as of July 22, 2016, by and among MPT Operating Partnership, L.P. and MPT Finance Corporation, as issuers, Medical Properties Trust, Inc., as parent and guarantor, and Wilmington Trust, National Association, as Trustee. | | 8-K | | 001-32559 | | 4.2 | | July 22, 2016 |
Exhibit Number | | Description | | Form | | File Number | | Exhibit Number | | Filing Date |
4.6 | | Eleventh Supplemental Indenture, dated as of March 24, 2017, by and among MPT Operating Partnership, L.P. and MPT Finance Corporation, as issuers, Medical Properties Trust, Inc., as parent and guarantor, and Wilmington Trust, National Association, as Trustee, Deutsche Bank Trust Company Americas, as Paying Agent, Registrar and Transfer Agent. | | 8-K | | 001-32559 | | 4.2 | | March 27, 2017 |
4.7 | | Twelfth Supplemental Indenture, dated as of September 21, 2017, by and among MPT Operating Partnership, L.P. and MPT Finance Corporation, as issuers, Medical Properties Trust, Inc., as parent and guarantor, and Wilmington Trust, National Association, as trustee. | | 10-Q | | 001-32559 | | 4.1 | | November 9, 2017 |
4.8 | | Thirteenth Supplemental Indenture, dated as of July 26, 2019, by and among MPT Operating Partnership, L.P., and MPT Finance Corporation, as issuers, Medical Properties Trust, Inc., as parent and guarantor, and Wilmington Trust, National Association, as trustee. | | 8-K | | 001-32559 | | 4.2 | | July 29, 2019 |
4.9 | | Fourteenth Supplemental Indenture, dated as of December 5, 2019, by and among MPT Operating Partnership, L.P. and MPT Finance Corporation, as issuers, Medical Properties Trust, Inc., as parent and guarantor, Wilmington Trust, National Association as trustee, Elavon Financial Services DAC, U.K. Branch as initial paying agent, and Elavon Financial Services DAC, as initial registrar and transfer agent. | | 8-K | | 001-32559 | | 4.2 | | December 11, 2019 |
4.10 | | Fifteenth Supplemental Indenture, dated as of December 5, 2019, by and among MPT Operating Partnership, L.P. and MPT Finance Corporation, as issuers, Medical Properties Trust, Inc., as parent and guarantor, Wilmington Trust, National Association, as trustee, Elavon Financial Services DAC, U.K. Branch, as initial paying agent, and Elavon Financial Services DAC, as initial registrar and transfer agent. | | 8-K | | 001-32559 | | 4.4 | | December 11, 2019 |
4.11 | | Sixteenth Supplemental Indenture, dated as of December 4, 2020, by and among MPT Operating Partnership, L.P. and MPT Finance Corporation, as issuers, Medical Properties Trust, Inc. as parent and guarantor, and Wilmington Trust, National Association, as trustee. | | 8-K | | 001-32559 | | 4.2 | | December 7, 2020 |
10.1 | | Second Amended and Restated Agreement of Limited Partnership of MPT Operating Partnership, L.P. | | 8-K | | 001-32559 | | 10.1 | | August 6, 2007 |
10.2 | | Medical Properties Trust, Inc. 2013 Equity Incentive Plan*** | | 10-K | | 001-32559 | | 10.2 | | March 1, 2019 |
10.3 | | Medical Properties Trust, Inc. 2019 Equity Incentive Plan*** | | DEF 14A | | 001-32559 | | A | | April 26, 2019 |
10.4 | | Form of Stock Option Award*** | | 8-K | | 001-32559 | | 10.2 | | October 18, 2005 |
10.5 | | Form of Restricted Stock Award*** | | 8-K | | 001-32559 | | 10.4 | | October 18, 2005 |
10.6 | | Form of Deferred Stock Unit Award*** | | 8-K | | 001-32559 | | 10.5 | | October 18, 2005 |
10.7 | | Employment Agreement between Medical Properties Trust, Inc. and Edward K. Aldag, Jr., dated September 10, 2003*** | | S-11/A | | 333-119957 | | 10.3 | | January 6, 2005 |
10.8 | | First Amendment to Employment Agreement between Medical Properties Trust, Inc. and Edward K. Aldag, Jr., dated March 8, 2004*** | | S-11/A | | 333-119957 | | 10.4 | | January 6, 2005 |
10.9 | | Employment Agreement between Medical Properties Trust, Inc. and R. Steven Hamner, dated September 10, 2003*** | | S-11/A | | 333-119957 | | 10.6 | | January 6, 2005 |
10.10 | | Employment Agreement between Medical Properties Trust, Inc. and Emmett E. McLean, dated September 10, 2003*** | | S-11/A | | 333-119957 | | 10.5 | | January 6, 2005 |
10.11 | | Form of Indemnification Agreement between Medical Properties Trust, Inc. and executive officers and directors*** | | S-11/A | | 333-119957 | | 10.55 | | July 5, 2005 |
10.12 | | Form of Medical Properties Trust, Inc. 2007 Multi-Year Incentive Plan Award Agreement (LTIP Units)*** | | 8-K | | 001-32559 | | 10.2 | | August 6, 2007 |
10.13 | | Form of Medical Properties Trust, Inc. 2007 Multi-Year Incentive Plan Award Agreement (Restricted Shares)*** | | 8-K | | 001-32559 | | 10.3 | | August 6, 2007 |
Exhibit Number | | Description | | Form | | File Number | | Exhibit Number | | Filing Date |
10.14 | | Second Amendment to Employment Agreement between Medical Properties Trust, Inc. and Edward K. Aldag, Jr., dated September 29, 2006*** | | 10-K | | 001-32559 | | 10.58 | | March 14, 2008 |
10.15 | | First Amendment to Employment Agreement between Medical Properties Trust, Inc. and R. Steven Hamner, dated September 29, 2006*** | | 10-K | | 001-32559 | | 10.59 | | March 14, 2008 |
10.16 | | First Amendment to Employment Agreement between Medical Properties Trust, Inc. and Emmett E. McLean, dated September 29, 2006*** | | 10-K | | 001-32559 | | 10.61 | | March 14, 2008 |
10.17 | | Second Amendment to Employment Agreement between Medical Properties Trust, Inc. and Emmett E. McLean, dated January 1, 2008*** | | 10-K | | 001-32559 | | 10.74 | | March 13, 2009 |
10.18 | | Third Amendment to Employment Agreement between Medical Properties Trust, Inc. and Emmett E. McLean, dated January 1, 2009*** | | 10-K | | 001-32559 | | 10.75 | | March 13, 2009 |
10.19 | | Second Amendment to Employment Agreement between Medical Properties Trust, Inc. and Richard S. Hamner, dated January 1, 2008*** | | 10-K | | 001-32559 | | 10.76 | | March 13, 2009 |
10.20 | | Third Amendment to Employment Agreement between Medical Properties Trust, Inc. and R. Steven Hamner, dated January 1, 2009*** | | 10-K | | 001-32559 | | 10.77 | | March 13, 2009 |
10.21 | | Third Amendment to Employment Agreement between Medical Properties Trust, Inc. and Edward K. Aldag, Jr., dated January 1, 2008*** | | 10-K | | 001-32559 | | 10.78 | | March 13, 2009 |
10.22 | | Fourth Amendment to Employment Agreement between Medical Properties Trust, Inc. and Edward K. Aldag, Jr., dated January 1, 2009*** | | 10-K | | 001-32559 | | 10.79 | | March 13, 2009 |
10.23 | | Master Lease Agreement by and among certain subsidiaries of MPT Operating Partnership, L.P. as Lessor and certain subsidiaries of Steward Health Care System LLC, Lessee. | | 10-K | | 001-32559 | | 10.33 | | March 1, 2017 |
10.24 | | Real Estate Loan Agreement by and among certain subsidiaries of MPT Operating Partnership, L.P. as Lessor and certain subsidiaries of Steward Health Care System LLC, Lessee. | | 10-K | | 001-32559 | | 10.34 | | March 1, 2017 |
10.25 | | Amended and Restated Revolving Credit and Term Loan Agreement, dated as of February 1, 2017, among Medical Properties Trust, Inc., MPT Operating Partnership, L.P., the several lenders from time to time party thereto, Bank of America, N.A., as syndication agent, and JPMorgan Chase Bank, N.A., as administrative agent. | | 10-K | | 001-32559 | | 10.35 | | March 1, 2017 |
10.26 | | IASIS Master Agreement, dated as of May 18, 2017, by and among Steward Health Care System LLC and subsidiaries of MPT Operating Partnership, L.P. | | 10-Q | | 001-32559 | | 10.1 | | August 9, 2017 |
10.27 | | Real Property Asset Purchase Agreement, dated as of May 18, 2017, by and among IASIS Healthcare Corporation, as “IASIS”, and subsidiaries of IASIS, as the “Sellers”, and subsidiaries of MPT Operating Partnership, L.P., as the “MPT Parties”. | | 10-Q | | 001-32559 | | 10.2 | | August 9, 2017 |
10.28 | | Amendment to Master Lease Agreement, dated as of December 31, 2016, by and among certain Affiliates of MPT Operating Partnership, L.P. and certain Affiliates of Steward Health Care System LLC. | | 10-Q | | 001-32559 | | 10.3 | | August 9, 2017 |
10.29 | | Joinder and Amendment to Master Lease Agreement, dated as of May 1, 2017, by and among certain Affiliates of MPT Operating Partnership, L.P. and certain Affiliates of Steward Health Care System LLC. | | 10-Q | | 001-32559 | | 10.4 | | August 9, 2017 |
10.30 | | Amendment to Real Estate Loan Agreement, dated as of May 1, 2017, by and among certain Affiliates of MPT Operating Partnership, L.P. and certain Affiliates of Steward Health Care System LLC. | | 10-Q | | 001-32559 | | 10.5 | | August 9, 2017 |
Exhibit Number | | Description | | Form | | File Number | | Exhibit Number | | Filing Date |
10.31 | | Amendment to Master Lease Agreement, dated as of May 2, 2017, by and among certain Affiliates of MPT Operating Partnership, L.P. and certain Affiliates of Steward Health Care System LLC. | | 10-Q | | 001-32559 | | 10.6 | | August 9, 2017 |
10.32 | | Joinder and Amendment to Master Lease Agreement, dated as of September 29, 2017, by and among certain Affiliates of MPT Operating Partnership, L.P. and certain Affiliates of Steward Health Care System LLC. | | 10-Q | | 001-32559 | | 10.1 | | November 9, 2017 |
10.33 | | Joinder and Amendment to Real Estate Loan Agreement, dated as of September 29, 2017, by and among certain Affiliates of MPT Operating Partnership, L.P. and certain Affiliates of Steward Health Care System LLC. | | 10-Q | | 001-32559 | | 10.2 | | November 9, 2017 |
10.34 | | Amended and Restated Subscription Agreement dated as of June 7, 2018 by and among MPT Operating Partnership, L.P., Primotop Holding, S.a.r.l. and MPT RHM Holdco S.a.r.l. | | 10-Q | | 001-32559 | | 10.1 | | August 9, 2018 |
10.35 | | Syndicated Facility Agreement among MPT Operating Partnership, L.P. and Evolution Trustees Limited as Trustee of MPT Australia Realty Trust, as borrowers, Medical Properties Trust, Inc. and certain subsidiaries, as guarantors, the several lenders and other entities from time to time parties thereto, Bank of America, N.A, as administrative agent, and Citizens Bank, N.A., JPMorgan Change Bank, N.A., Suntrust Bank and Wells Fargo Bank, N.A., as co-syndication agents. | | 10-Q | | 001-32559 | | 10.1 | | August 9, 2019 |
10.36 | | Real Property Asset Purchase Agreement, dated as of July 10, 2019, by and among Prospect Medical Holdings, Inc., as “Prospect Medical Holdings”, and subsidiaries of Prospect Medical Holdings, as the “Prospect Medical Subsidiaries”, and subsidiaries of MPT Operating Partnership, L.P., as the “MPT Parties”. | | 10-Q | | 001-32559 | | 10.2 | | November 12, 2019 |
10.37 | | Form of Lease Agreement between certain subsidiaries of MPT Operating Partnership, L.P., as Lessor, and Circle Health Ltd. and certain of its subsidiaries, as Lessee | | 10-Q | | 001-32559 | | 10.1 | | August 7, 2020 |
21.1 | | Subsidiaries of Medical Properties Trust, Inc. | | 10-K | | 001-32559 | | 21.1 | | March 1, 2021 |
23.1 | | Consent of PricewaterhouseCoopers LLP | | 10-K | | 001-32559 | | 23.1 | | March 1, 2021 |
23.2 | | Consent of PricewaterhouseCoopers LLP | | 10-K | | 001-32559 | | 23.2 | | March 1, 2021 |
23.3* | | Consent of KPMG LLP | | | | | | | | |
23.4* | | Consent of KPMG LLP | | | | | | | | |
23.5* | | Consent of Ernst and Young LLP | | | | | | | | |
23.6* | | Consent of Ernst and Young LLP | | | | | | | | |
31.1* | | Certification of Chief Executive Officer pursuant to Rule 13a-14(a) under the Securities Exchange Act of 1934. (Medical Properties Trust, Inc.) | | | | | | | | |
31.2* | | Certification of Chief Financial Officer pursuant to Rule 13a-14(a) under the Securities Exchange Act of 1934. (Medical Properties Trust, Inc.) | | | | | | | | |
31.3* | | Certification of Chief Executive Officer pursuant to Rule 13a-14(a) under the Securities Exchange Act of 1934. (MPT Operating Partnership, L.P.) | | | | | | | | |
31.4* | | Certification of Chief Financial Officer pursuant to Rule 13a-14(a) under the Securities Exchange Act of 1934. (MPT Operating Partnership, L.P.) | | | | | | | | |
32.1** | | Certification of Chief Executive Officer and Chief Financial Officer pursuant to Rule 13a-14(b) under the Securities Exchange Act of 1934 and 18 U.S.C. Section 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. (Medical Properties Trust, Inc.) | | | | | | | | |
*** | Management contract or compensatory plan or arrangement. |
**** | Since affiliates of Steward Health Care System LLC lease more than 20% of our total assets under triple net leases, the financial status of Steward may be considered relevant to investors. Steward’s most recently available audited consolidated financial statements (as of and for the years ended December 31, 2020 and 2019) are attached as Exhibit 99.1 to this Amendment No. 1 to the Annual Report on Form 10-K. We have not participated in the preparation of Steward’s financial statements nor do we have the right to dictate the form of any financial statements provided to us by Steward. |
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized.
MEDICAL PROPERTIES TRUST, INC. |
| |
By: | | /s/ J. Kevin Hanna |
| | J. Kevin Hanna |
| | Vice President, Controller, and Chief Accounting Officer |
|
MPT OPERATING PARTNERSHIP, L.P. |
| |
By: | | /s/ J. Kevin Hanna |
| | J. Kevin Hanna |
| | Vice President, Controller, and Chief Accounting Officer of the sole member of the general partner of MPT Operating Partnership, L.P. |
Date: June 9, 2021
