Capella Healthcare, Inc. (“Capella”), a privately-owned premier provider of health care services and one of the largest for-profit hospital companies in the U.S., recently announced that its parent company and sole stockholder, Capella Holdings, Inc., has signed a definitive agreement with Medical Properties Trust, Inc. (“MPT”) (NYSE:MPW) for the acquisition of Capella for $900 million in cash. The transaction is expected to be finalized during the second half of 2015, following customary regulatory approvals. Capella is presently owned by funds affiliated with GTCR, a leading private equity firm.
The management company will retain control of the day-to-day operations of Capella’s hospitals with Wiechart continuing as President and CEO and no other changes anticipated in hospital management.
Capella is a privately-held company which, upon its founding in 2005, partnered with GTCR. GTCR’s equity investments and commitment to Capella have allowed the company to grow steadily over the last ten years.