Attached files
file | filename |
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8-K - FORM 8-K - MEDICAL PROPERTIES TRUST INC | g23728e8vk.htm |
EX-10.1 - EX-10.1 - MEDICAL PROPERTIES TRUST INC | g23728exv10w1.htm |
Exhibit 99.1
Contact: | R. Steven Hamner | |||
Executive Vice President & CFO | ||||
Medical Properties Trust | ||||
(205) 969-3755 | ||||
shamner@medicalpropertiestrust.com |
MEDICAL PROPERTIES TRUST ANNOUNCES MANAGEMENT CHANGE
Birmingham, Ala., June 11, 2010 Medical Properties Trust, Inc. (NYSE: MPW) today announced
the resignation of Michael G. Stewart as Executive Vice President, General Counsel and Secretary
effective June 15, 2010. In conjunction with Mr. Stewarts resignation, the Company has engaged
the law firm of Baker, Donelson, Bearman, Caldwell & Berkowitz, P.C. to provide routine and other
legal services based on a long term, non-traditional fixed fee basis.
Mike Stewart has been a friend and supporter of our success since he joined MPT in October
2005. We thank him for the work he has done, and we wish him the very best, said Edward K. Aldag,
Jr., the Companys chairman, president and chief executive officer. At the same time, we are enthused
about the depth of resources and the cost efficiencies that we expect from the creative
relationship that we have crafted with Baker Donelson, continued Aldag.
In connection with the above-described developments, the Company and Mr. Stewart have entered
into a written agreement dated June 11, 2010 that will be filed on Form 8-K today.
About Medical Properties Trust, Inc.
Medical Properties Trust, Inc. is a Birmingham, Alabama based self-advised real estate
investment trust formed to capitalize on the changing trends in healthcare delivery by acquiring
and developing net-leased healthcare facilities. These facilities include inpatient rehabilitation
hospitals, long-term acute care hospitals, regional acute care hospitals, ambulatory surgery
centers and other single-discipline healthcare facilities, such as heart hospitals and orthopedic
hospitals. For more information, please visit the Companys website at
www.medicalpropertiestrust.com.
The statements in this press release that are forward looking are based on current expectations and
actual results or future events may differ materially. Words such as expects, believes,
anticipates, intends, will, should and variations of such words and similar expressions are
intended to identify such forward-looking statements.
Forward-looking statements involve known and unknown risks, uncertainties and other factors that
may cause the actual results of the Company or future events to differ materially from those
expressed in or underlying such forward-looking statements, including without limitation cost
efficiencies expected to be realized as a result of legal services agreements. For further
discussion of the facts that could affect outcomes, please refer to the Risk factors section of
the Companys Form 10-K for the year ended December 31, 2009, as amended, and as updated by our
subsequently filed Quarterly Reports on Form 10-Q and our other SEC filings. Except as otherwise
required by the federal securities laws, the Company undertakes no obligation to update the
information in this press release.
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