US-based Medical Properties Trust (MPT) has signed an agreement to acquire private equity firm GTCR’s portfolio company Capella Healthcare for $900m in cash.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

GTCR, along with founder Dan Slipkovich, established Capella to purchase acute-care hospitals to provide services in rural and suburban markets.

GTCR principal Josh Earl said: "Over the past 18 months, we have further advanced this mission with CEO Mike Wiechart, continuing Capella’s tradition of delivering operational, clinical and financial expertise to community hospitals."

"As the company moves forward, we are profoundly grateful for the leadership, guidance and financial support that GTCR has provided."

Based in Franklin, Tennessee, Capella owns and runs acute care and speciality hospital facilities in six states of the US.

Capella is claimed to be a premier provider of healthcare services and one of the largest for-profit hospital companies in the country.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Capella Healthcare CEO Michael Wiechart said: "Since our founding back in 2005, GTCR has been an exceptional partner in helping create a company that is built to last and to make a difference in delivering high-quality care in communities across the country."

"As the company moves forward, we are profoundly grateful for the leadership, guidance and financial support that GTCR has provided."

Subject to customary regulatory approvals, the deal is expected to be completed in the second half of this year.

MPT is involved in acquiring and developing facilities, including acute care hospitals, inpatient rehabilitation hospitals, long-term acute care hospitals, and other medical and surgical facilities.