Back
News

Priory Group agrees fresh sale-and-leaseback

The Priory Group has agreed the sale and leaseback of five sites to US-based Medical Properties Trust for £43.7m.

Leases have been signed at terms that will rise in line with inflation.

The deal follows Waterland Private Equity’s £1.1bn purchase of Priory Group in 2021. That deal was funded through an £800m sale and leaseback of 40 hospitals.

The healthcare provider’s most recent accounts show revenue of £712m in 2022, with pretax losses narrowing from £77m in 2021 to £16m last year.

The Times (£)

Up next…