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GTCR completes sale of Capella Healthcare to Medical Properties Trust

Private equity firm GTCR has completed the previously announced sale of its portfolio company Capella Healthcare to Medical Properties Trust, a Birmingham, Alabama based self-advised real estate investment trust, for USD900 million in cash.

Capella is an operator of community hospitals in growing, mid-sized communities across the US Capella’s hospitals are operated in tandem with local healthcare leaders, hospital boards, physicians and employees. Capella targets hospitals that are struggling to meet the growing demands of governmental regulation, complicated reimbursement requirements and the constant and capital-intensive upgrading of equipment and facilities. Capella infuses capital to expand services quickly and provides the highly specialised expertise to recruit physicians, maximise cash flow, improve quality and control costs.
 
GTCR formed Capella in partnership with Founder Dan Slipkovich in 2005 to acquire acute-care hospitals that serve rural and suburban markets. 

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