10:40 AM EDT, 07/24/2024 (MT Newswires) -- Medical Properties Trust ( MPW ) said Wednesday it sold eight property assets in Arizona to CommonSpirit Health unit, Dignity Health, for $160 million.

The properties include the 50-bed Arizona General Hospital in Mesa and seven freestanding emergency department facilities in the Phoenix metropolitan area, the real estate investment trust said.

Medical Properties ( MPW ) plans to use the sale proceeds to pare debt and for general corporate purposes.

The shares were up over 1% in recent trading.

Price: 5.03, Change: +0.06, Percent Change: +1.23