Per Share Offering Price of CHF 54 Represents an Approximate 5% Increase to MPT's Carrying Value
Expected to Provide Approximately $150 million in Aggregate Cash Receipts to MPT
BIRMINGHAM, Ala., July 08, 2026--(BUSINESS WIRE)--Medical Properties Trust, Inc. (the "Company" or "MPT") (NYSE: MPT) today announced that Infracore SA ("Infracore"), the Swiss hospital real estate company in which MPT currently owns a 70% non-controlling interest, is expected to list its shares on the SIX Swiss Exchange following its previously announced initial public offering in Switzerland. The per share price of the initial listing of CHF 54.00, which values Infracore's equity market capitalization at CHF 826 million, is approximately 5% higher than MPT's pro rata carrying value.
Infracore shares are expected to start trading on the SIX Swiss Exchange on July 9, 2026, under the ticker symbol "INFRAC." Settlement of the offering is expected on July 10, 2026.
Infracore expects to issue approximately 3.7 million new shares and receive approximately CHF 200 million in gross proceeds. MPT is expected to sell approximately 0.5 million of its Infracore shares in the offering and an additional 0.4 million shares if the over-allotment option is exercised, for total proceeds to MPT of approximately CHF 50 million. Further, MPT expects to receive an additional CHF 74 million from Infracore in the third quarter to repay outstanding shareholder loans and the 2025 dividend.
Assuming full exercise of the overallotment option, the offering will reduce MPT's ownership in Infracore from 70% to approximately 47% (49.9% if the over-allotment option is not exercised). MPT intends to use the proceeds to repay debt and for other general corporate purposes. In connection with the offering, MPT agreed to a lock-up period of 180 days from the first day of trading with respect to its remaining Infracore shares, subject to customary exceptions.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities of Infracore SA or Medical Properties Trust, Inc. The securities of Infracore SA are not being offered to the public in the United States, have not been and will not be registered under the U.S. Securities Act of 1933, as amended, or the securities laws of any state or other jurisdiction of the United States, and may not be offered or sold in the United States absent registration or an applicable exemption from registration.
Additional information regarding Infracore SA's proposed listing has been made available by Infracore SA in accordance with applicable Swiss law. Any such information has been prepared by Infracore SA and not by MPT, and MPT does not make any representation regarding such materials except to the extent expressly stated in MPT's own public disclosures.