Thank morning. you this us and of you, thank all Charles, joining for
most offices, XXX% For March XXXX our ran to of offices until world, we less reopened MPT's XXXX. last XXXX, COVID closed. in of October while various still year, October the we office throughout than were last In in back of spikes the due quarter the like
the homes, our Our employees forward, remote in I seen move we have stress proud and working offices, back-to-back our done job in world worst worldwide last Zoom years cannot over how I times. their we Teams people modern from any keep X around through during were enough moving offices forward. of the did. record could way all of am we've the X pandemic produce in years the to And
another ongoing amass billion operators, almost portfolio, record more for began X behavioral began was This X.X% an we in the detail. a recap with different investment the worldwide. new Priory investor including from in included remarkable U.K. Group. an This operators. transaction The XX world was a estate strategy equity year What acquisitions these of the in our different now acquisition execute acquisitions we care year of Waterland, operating relationship in closed XXXX, has the X with which of our an years to years. in equity first investment MPT well our important will we facilities XX multinational health To our announced MPT, whom highlights largest merged X the billion-plus year in manage grown countries, continued leading -- the that investment X with on Steve United which XXXX the in relationship many XX health XXXX years perspective, the behavioral MPT-owned one entity. providers XXX in acquisitions. the operators we across sizable subsequently $X to also to with banner for with X real as Enterprise. and were on for past another outside of acquisitions. into the over have After facilities a the private the provider ago year XXXX, of as of MEDIAN Following year investments a located U.S. relationship Priory Kingdom, middle discuss health $X.X throughout in another In have as strategic and had interest
an operating transaction inpatient with closed facilities first The facilities behavioral of additional XXXX. purpose-built equity in U.S. the was are LLC. of XX hospitals, in selected This Springstone inpatient of XX acquisition October located health entity our along markets. interest carefully million $XXX These
As in, know, the market be Behavioral COVID, with health estimated in a XX% the Act In market currently is contained addressing of need NHS play a COVID. care in billion-plus expansion long increased will invest health of affordable large established invested $XXX accessed. MPT that and here to and we continue significant role in U.S. U.S. all the before mental long the a which will also in both abroad, hospitals behavioral to health the CARE The a and only services, these has needs. before coverage. U.K., behavioral for and
from X South Health's Steward hospitals. acquisition those announcement Florida with acute second Tenet $XXX in operations million care our conjunction of acquisition the general hospitals Healthcare of was of in The
XXXX, other in Infrastructure transaction MPT to Additionally, and portfolio enhance System. confirming general XXXX, care hospitals transactions our interest subsidiary partnership will our announced the as acute XX% while Macquarie-controlled Partners. Macquarie of $X.X and X owned at In portfolio a venture have of we announced that our we This approximately a also billion. half Steward a by business in model. the form portfolio will value by demonstrating Massachusetts-based agreement values Healthcare discussed, X significant previously of we acquire the with operated joint second The
first the close of XXXX. half transaction in this We to expect
of later the percentage agreement in represented is disclosed X we just to as Steward The to that below other we close all largest substantially by portfolio year to to tenants HCA MPT's lease hospitals XX%. will place previously our reduce Utah of and the one announced transaction expect MPT's of this This HCA XXXX Healthcare. that
have Steward market pointed but represent will is than of before, we our no will more forma X% and pro out reminder, regional Steward X% than of assets. represent single property As good it a portfolio no total more our
the Omicron services variant COVID much not care caused disruption health Fortunately, by of much our provided to operators. the talk about has
be However, and state workers and from most operators as the issues pandemic our burn-out mandates staffing vaccinated. from experiencing of federal health are care to battle care workers health requiring
at cost. vast staff hospitals have impact of been who majority our by portfolio has our the labor minority caused not of the vaccinated, on an the are had disruption While the
labor these to are have our services times some As be continuing managing costs cases, a limited. had increased in and to operators have temporarily through reduced and perform result, these challenges, Despite or well.
we just total company parent recently recall of And are the approximately were operators numbers. additions reporting they not acquired, operated are not portfolio by than were company to subtractions instead that either last they from providing basis information. yet approach there the make will the report information XXX We've facilities a You financial size other began landlords who of metrics gotten our of where on impacts quarter, only not artificial parent because the or as a acquired just same-store. our reminder, on provide coverage other and that required to XXX material facilities do because
last trailing months. For X.XXx the trailing quarter. XX XX versus portfolio, last coverage X.XXx acute during months EBITDARM We coverage care quarter XXXX total XX-month QX of our of trailing generated X.XX an of reported
versus trailing of X.Xx IRF result reported to coverage was X.XXx. last facilities X.XXx the care an X.XXx months. last X.XX LTACH this QX to during coverage XXXX months quarter is the reported of XX-month the We the for The months. coverage health segment QX XX a X As being trailing generated the trailing -- quarter XXXX into XX Steward property moving The for behavioral of behavioral EBITDARM coverage type, quarter. XX-month XX acute trailing versus X.XXx trailing prospects
behavioral the and acquisitions, coverages this XXXX generated of Encompass, EBITDARM trailing X.XXx have interim earnings, quarter, coverage the trailing months. removing for X.XXx. a reported coverage QX property recent Lauderdale of initiated today reporting which XX-month XX As selling our on result an health being this was type Due to the facility we Fort
represents South is QX rising and that of has, labor Now in growing provide with like procedures third represents with reflects has driven show purchased well end are deferred to are certain revenues. with elective labor presurgeries Prospect's of suspensions well our continued our those pandemic, which I'd Steward, forma and steady pro Prospects and in Several to reimbursement. Excellence revenues like of quarterly focus to increase helping Median. path XX% EBITDARM Wales successful I'd coverage surge continues our doing rebounding In been continues November continues MPT coverage XX% operators. its onboarding the his Circle Pennsylvania country some continued Xx. largest perform provide facilities occurring Steward excellence by which show is Massachusetts on improvements Services the to surgical facilities portfolio portfolio. steady but make to with self-pay strong from volumes, expects a The X of state today. exceed due consistent at some levels hospitals increasing. additional costs down which Median is to throughout of represents at Connecticut. Andre the and at prior an Volumes term. to which deferred recognized there. stellar the its with volumes to Schmidt, increased They QX. Acute softness our job Their superb some Healthgrades. top the in The with Pennsylvania Their of team our EBITDARM Prospect, quarter Most X% performance. the award of continues of X-star management CEO a facilities MPT's on as closely the their government coverages. which the have remained in the for relationship which to our volume recently a are on procedures for seeing continues in will Circle, increases. Victoria. and California of X% portfolio, of pandemic year-over-year. represents accounts investments in continued California awards Miami late showing in of still stabilization which to represents received early on that improvement Steward their portfolio, the recently Prime, updates costs performed shown near of Health top our to Healthscope Despite coverage be New also and rest level, market most the basis, are a high quality integration near and of these days portfolio, in issues renovations by of facilities, patient represents our been our throughout coverage and of the has the into and and to portfolio, Care highlight QX the offset portfolio, Healthscope, continues have impact manage robust along COVID performed some for Median, at XXXX XXXX done steady innovation. the hospitals. receivable performance. partner have working steady X% superbly into X% a expectations. the the of at elective to having periodic to as including new some
of number women's Healthgrades were X-star Prime’s health recipients a QX, recognized During for care. hospitals as by
right that continue need is X% their now vital each of projections. behavioral our of acquisition On to portfolio, represents their reported Linwood, has expectations. to which but extraordinary line service St. X X% represents by in underwriting of only anniversary our a inpatient the that thus our financial operational St. quarter in recognized of line with community. Francis underwriting to far, newest portfolio. our facilities our serve is operators, and of reports Priory officials local both California, the Priory, Primes were solid performance MPT operational communities. Springstone, with one Prime information for X of in either Hospital X-year Francis quarter in Their
significant result seeing portfolio, it of which not in their are quarterly growth. of both top solid with seeing volume line above the all-time perform and coverage revenue LifePoint, underwriting to our growth we levels represents Earnest, which coverage in While our or QX, to a surgical did LTACHs still are very continues XXXX. perform help X% continuing strong and yet that year. Coverages their the They EBITDARM XXXX. of at EBITDAR market. due for plateau in reporting, a monthly of well. projections side of high portfolio, growth near in include IRFs and continues Though should growth consolidated is coverage the bit ahead business see is X% on prior represents of as to
acquisitions of of recently Geographic. to pipeline These these Additionally, from of refer X how of you of some disproportional facilitate highlight our underserved National We global LifePoint posted critical underserved and especially in be to successfully Prime are under our urban both you These may Like [Sion] completed examples impact Los importance hospitals Health at improved the experience for of a the in the XXXX. creation a care hospital case reader facilities X as neighborhoods of the subsequent now of companies. me, rapidly communities the of capital end pandemic. they of all and can the Kindred lifelong Angeles. on see X I'd to like studies have hospital. website
in relationship health that needs. plants to are, you We a serve lack lower-income of we cover areas. article to in benefits story and on XX,XXX urban to the canopy. addition in the been on focused important Plants, an contacted has make called organization in entity a the to a and distributes saw communities in they particularly L.A. of The trees with health access you MPT trees It always established City year areas last an tree impact year and Angeles If many a approximately did probably neighborhoods that lack on its robust environmental not-for-profit care Los
with XXXX recently a made planning. and traveled sizable organization physically have their members our tree year be MPT. another up work staff for to of donation this shaping L.A. with We is to great
robust. pipeline Our is
Steve? our only as an is behavioral as a perspective but given an from in investments health well recent class from perspective, asset from large portfolio not space. Our geographic operator diversified, also perspective
