Co-Founder Emmett E. McLean to Retire as Medical Properties Trust Executive Vice President, Chief Operating Officer and Secretary

Rhea-AI Summary

Medical Properties Trust, Inc. (NYSE: MPW) announces the retirement of Emmett E. McLean, Executive Vice President and COO, effective September 1, 2023. McLean, who has served the company for over 20 years, was a founding member of MPT in 2003. He played a crucial role in various departmental functions including Asset Management, Human Resources, and IT, and led initiatives for employee recruitment and retention. His community involvement includes serving on multiple boards of charitable organizations. MPT, founded in Birmingham, Alabama, is a leading global owner of hospital real estate with 444 facilities and nearly 44,000 licensed beds across ten countries.

Positive

• Emmett E. McLean retires after over 20 years, having significantly contributed to MPT's growth and organizational success.
• MPT has expanded to 444 facilities globally, showcasing robust growth in hospital real estate.

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• None.

BIRMINGHAM, Ala.--(BUSINESS WIRE)-- Medical Properties Trust, Inc. (the “Company” or “MPT”) (NYSE: MPW) today announced that Emmett E. McLean, Executive Vice President, Chief Operating Officer and Secretary, will retire from the Company effective September 1, 2023, after more than 20 years of service.

McLean turns 68 this year and plans to spend more time with his wife Catherine and family, which includes three adult children, their spouses, and two grandchildren. One of the original three founders of MPT in 2003, McLean has been an integral part of the Company’s success, overseeing the Asset Management and Underwriting, Human Resources, and IT departments for much of his time with MPT. He established numerous organizational procedures in these departments and throughout the Company that have proven to be effective. He has also been instrumental in MPT’s employee recruitment and retention programs including the introduction of various employee benefit programs. McLean has served as chair of the Company’s Charity Committee since its inception.

“Emmett brought a wealth of experience to MPT from his career in the health care services industry where he served in senior financial positions and we have all benefited from his expertise,” said Edward K. Aldag, Jr., MPT’s Chairman, President, and Chief Executive Officer. “Beyond his organizational and management skills, Emmett is a great man with a servant’s heart. He delights in giving back to his community and his contributions to Birmingham and its surrounding areas are immeasurable.”

McLean is currently a member of the boards of the Alabama Symphony Orchestra, Ronald McDonald House Charities of Alabama, Smile-A-Mile, Greater Alabama Council - Boy Scouts of America, UAB Athletics Foundation, United Way of Central Alabama, UAB Arts, Mike Slive Foundation, Rotary Club of Birmingham Foundation, and The World Games 2022 Birmingham. He has chaired numerous charitable fundraising events in the Greater Birmingham metro area and this past year served as the 2022 Annual Campaign Chair for the United Way of Central Alabama.

About Medical Properties Trust, Inc.

Medical Properties Trust, Inc. is a self-advised real estate investment trust formed in 2003 to acquire and develop net-leased hospital facilities. From its inception in Birmingham, Alabama, the Company has grown to become one of the world’s largest owners of hospital real estate with 444 facilities and approximately 44,000 licensed beds in ten countries and across four continents. MPT’s financing model facilitates acquisitions and recapitalizations and allows operators of hospitals to unlock the value of their real estate assets to fund facility improvements, technology upgrades and other investments in operations. For more information, please visit the Company’s website at www.medicalpropertiestrust.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230223005868/en/

Drew Babin, CFA, CMA

Senior Managing Director of Corporate Communications

Medical Properties Trust, Inc.

(646) 884-9809

dbabin@medicalpropertiestrust.com

Source: Medical Properties Trust, Inc.

FAQ

What changes occurred in Medical Properties Trust's management in September 2023?

Emmett E. McLean retired as Executive VP and COO effective September 1, 2023, after more than 20 years with the company.

How many hospital facilities does Medical Properties Trust own?

Medical Properties Trust owns 444 hospital facilities worldwide.

What is the significance of McLean's retirement for Medical Properties Trust?

McLean's retirement marks the departure of a founding member who played a crucial role in MPT's success.

What are the future implications of McLean's retirement for MPT?

McLean's retirement could lead to changes in management strategies and operational dynamics within MPT.

What was McLean's role at Medical Properties Trust?

McLean served as Executive VP, COO, and Secretary, overseeing several key departments and initiatives.