On Wednesday, Medical Properties Trust, Inc. (NYSE:MPW)’s shares declined -0.17% to $11.87.
Medical Properties Trust, Inc. (MPW) declared that it has signed a definitive agreement to acquire Capella Holdings, Inc. (“Capella”), a privately-owned hospital company headquartered in Franklin, Tennessee. Capella is one of the ten largest for-profit acute care hospital operators in the U.S. based on revenue. The $900 million total value of the transactions will be comprised of a $600 million investment in Capella’s real estate and an approximate $300 million investment in Capella’s operating entities, which is predictable to be owned jointly by MPT and Capella administration. The transaction will be right away accretive to MPT’s Normalized FFO (“FFO”) per share by $0.04 in the first year after closing.
MPT and Capella’s senior administration have agreed subject to execution of definitive documentation, to form a joint venture (“JV”) that will become the acquirer of Capella’s operating entities for a total consideration of about $300 million, counting a loan or other investment by MPT of about $290 million that will earn a fixed coupon in line with our initial lease rate. In addition, the JV agreement will provide for distributions to MPT that are predictable to result in additional returns under certain conditions. No such anticipated additional returns are comprised of in the estimated initial year accretion of $0.04 per share.
Medical Properties Trust, Inc. operates as a real estate investment trust (REIT) in the United States. It acquires, develops, and invests in healthcare facilities; and leases healthcare facilities to healthcare operating companies and healthcare providers. The company also provides mortgage loans to healthcare operators, in addition to working capital and other term loans to its tenants/borrowers.
ACE Limited (NYSE:ACE)’s shares dropped -0.77% to $109.13.
ACE Commercial Risk Services (ACE CRS), the small commercial specialty lines business of ACE Group that serves small businesses with diverse and accessible insurance options, recently declared several new products that expand its suite of Specialty Commercial Products.
These expanded products are accessible through ACE Solutions Fast TrackSM, the online small business underwriting solution from ACE Commercial Risk Services that rapidly quotes and issues a policy in an insurance broker’s office in 5 minutes or less. The new products and coverage’s comprise:
- Lessor’s Risk BOP: Business Owners Policy (BOP) to protect owners of real estate investment property rented to others
- Liquor Liability: Covering hospitality risks counting bars, restaurants, retail stores, and nightclubs
- Commercial Umbrella: Umbrella coverage over the ACE BOP or other approved package, auto, and employer liability carriers
ACE Limited, through its auxiliaries, provides a range of property and casualty insurance and reinsurance products worldwide. The company’s Insurance North American P&C segment offers casualty insurance, environmental, inland marine, professional risk, disaster protection, vacant land and building, and claims and risk administration services; homeowners, automobile, valuables, umbrella liability, and recreational marine insurance; and wholesale excess and surplus lines property, casualty, environmental, professional liability, inland marine, and product recall coverages.
At the end of Wednesday’s trade, Dollar General Corp. (NYSE:DG)‘s shares dipped -0.60% to $78.24.
Dollar General (DG) presented its inaugural A Day of Beauty event at the Music City Center, Davidson Ballroom, in downtown Nashville. Hosted by singer, songwriter and DG Celebrity Ambassador Chante Moore, the free community event highlighted the latest hair and make-up products offered at DG and featured free product samples, door prizes and beauty tips from experts representing the leading multi-cultural health and beauty brands. The event also celebrated the introduction of BEAUTYCENTS, a new health and beauty lifestyle magazine accessible exclusively at select DG stores.
Dollar General Corporation, a discount retailer, provides various merchandise products in the southern, southwestern, midwestern, and eastern United States. The company offers consumable products, counting paper and cleaning products comprising paper towels, bath tissues, paper dinnerware, trash and storage bags, and laundry and other home cleaning supplies; packaged food products, such as cereals, canned soups and vegetables, condiments, spices, sugar, and flour; perishables comprising of milk, eggs, bread, frozen meals, beer, and wine; snacks that comprise candies, cookies, crackers, salty snacks, and carbonated beverages; health and beauty products, such as over-the-counter medicines, in addition to soap, body wash, shampoo, dental hygiene, and foot care products; pet products, which comprise pet supplies and pet food; and tobacco products.
Orbitz Worldwide, Inc. (NYSE:OWW), ended its Wednesday’s trading session with -0.43% loss, and closed at $11.47.
As more consumers turn to smartphones as their primary computing device and grow comfortable with making more considered and complex purchases on small screens, Orbitz.com declared that it is the first online travel company to sell vacation packages in a mobile app – ongoing its history of innovation and leadership in mobile development.
The award-winning Orbitz.com mobile app, named one of the most loved consumer travel apps by Applause, now allows consumers to easily search and book tens of thousands of flight plus hotel vacation package combinations in just a few taps. The app suggests flight and hotel packages with the best value, allowing consumers to easily select and book a vacation in just two minutes. Need a larger room, or to fly at a different time? No problem. Travelers can easily customize their package, changing hotel, room type and flight according to their preference. And before they book, the app will show consumers how much they will save by booking the hotel and flight together.
Orbitz Worldwide, Inc. operates as an online travel company worldwide. It uses technology that enables leisure and business travelers to research, plan, and book a range of travel products and services, counting hotels, flights, vacation packages, car rentals, rail tickets, cruises, travel insurance, destination, services and event tickets. It also provides various travel administration services; and private label travel solutions to a range of partners.
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