UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
(Amendment No. 1)
(Mark One)
For the fiscal year ended
or
For the transition period from to
Commission file number
Commission file number
(Exact Name of Registrant as Specified in Its Charter)
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(State or Other Jurisdiction of Incorporation or Organization) |
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(IRS Employer Identification No.) |
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(Address of Principal Executive Offices) |
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(Zip Code) |
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(Registrant’s telephone number, including area code)
Securities registered pursuant to Section 12(b) of the Act:
Title of each class |
Trading Symbol(s) |
Name of each exchange on which registered |
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Securities registered pursuant to Section 12(g) of the Act:
None
Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.
Medical Properties Trust, Inc.
Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.
Medical Properties Trust, Inc. Yes ☐
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
Medical Properties Trust, Inc.
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).
Medical Properties Trust, Inc. Yes ☒ No ☐ MPT Operating Partnership, L.P.
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
Medical Properties Trust, Inc.
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Accelerated filer |
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Non-accelerated filer |
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☐ |
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Smaller reporting company |
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Emerging growth company |
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MPT Operating Partnership, L.P.
Large accelerated filer |
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☐ |
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Accelerated filer |
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☐ |
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☒ |
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Smaller reporting company |
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Emerging growth company |
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If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbans-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report.
Indicate by check mark whether the registrant is a shell company (as defined in 12b-2 of the Act).
Medical Properties Trust, Inc. Yes
As of June 30, 2020, the aggregate market value of the 523.8 million shares of common stock, par value $0.001 per share (“Common Stock”), held by non-affiliates of Medical Properties Trust, Inc. was $
As of February 19, 2021,
DOCUMENTS INCORPORATED BY REFERENCE
Portions of the definitive Proxy Statement of Medical Properties Trust, Inc. for the Annual Meeting of Stockholders held on May 26, 2021 are incorporated by reference into Items 10 through 14 of Part III, of this Annual Report on Form 10-K.
Explanatory Note
This Amendment No. 1 to the combined Annual Report on Form 10-K for the fiscal year ended December 31, 2020 of Medical Properties Trust, Inc. and MPT Operating Partnership, L.P. is filed for the sole purpose of amending Item 15 of Part IV to include the consolidated financial statements of Steward Health Care System LLC (“Steward”), which were not available at the time the combined Annual Report on Form 10-K was initially filed. At December 31, 2020, our properties leased to Steward constituted more than 20% of our assets and these properties were leased to Steward under long-term, triple-net leases that transfer substantially all operating costs to Steward and Steward’s financial statements may thus be material to investors. The audited financial statements of Steward as of, and for the years then ended, December 31, 2020 and 2019 are attached to this report as Exhibit 99.1. These financial statements were provided to us by Steward, and Medical Properties Trust, Inc. did not participate in their preparation or review.
Other than as expressly set forth above, this Amendment does not, and does not purport to, update or restate the information in any other Item of the originally filed annual report. This Amendment consists solely of the preceding cover page, this explanatory note, the information required by Item 15 of Form 10-K as provided in Exhibit 99.1, an updated exhibit index, a signature page, the accountants’ consent for Steward’s audited financial statements, and the certifications required to be filed as exhibits hereto.
Item 15. Exhibits and Financial Statement Schedules.
(a) Financial Statements and Financial Statement Schedules
The financial statements and financial statement schedules for Medical Properties Trust, Inc. and MPT Operating Partnership, L.P. were previously listed in and included with the Annual Report on Form 10-K for the fiscal year ended December 31, 2020, filed on March 1, 2021.
The audited financial statements of Steward Health Care System LLC as of, and for the years then ended, December 31, 2020 and 2019 are attached as Exhibit 99.1 hereto.
(b) Exhibits
Exhibit Number |
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Description |
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Form |
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File Number |
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Exhibit Number |
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Filing Date |
3.1 |
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Second Articles of Amendment and Restatement of Medical Properties Trust, Inc. |
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S-11/A |
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333-119957 |
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3.1 |
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January 6, 2005 |
3.2 |
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10-Q |
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001-32559 |
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3.1 |
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November 10, 2005 |
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3.3 |
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8-K |
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001-32559 |
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3.1 |
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January 13, 2009 |
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3.4 |
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8-K |
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001-32559 |
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3.1 |
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January 31, 2012 |
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3.5 |
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8-K |
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001-32559 |
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3.1 |
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June 26, 2015 |
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3.6 |
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10-Q |
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001-32559 |
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3.2 |
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August 10, 2015 |
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3.7 |
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8-K |
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001-32559 |
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3.1 |
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November 8, 2019 |
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3.8 |
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Second Amended and Restated Bylaws of Medical Properties Trust, Inc. |
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8-K |
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001-32559 |
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3.1 |
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November 24, 2009 |
3.9 |
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Amendment to Second Amended and Restated Bylaws of Medical Properties Trust, Inc. |
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8-K |
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001-32559 |
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3.2 |
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June 26, 2015 |
3.10 |
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Amendment to Second Amended and Restated Bylaws of Medical Properties Trust, Inc. |
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8-K |
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001-32559 |
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3.1 |
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November 16, 2016 |
3.11 |
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Amendment to Second Amended and Restated Bylaws of Medical Properties Trust, Inc. |
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8-K |
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001-32559 |
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3.1 |
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February 22, 2017 |
3.12 |
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Amendment to Second Amended and Restated Bylaws of Medical Properties Trust, Inc. |
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8-K |
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001-32559 |
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3.1 |
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May 25, 2018 |
3.13 |
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Amendment to Second Amended and Restated Bylaws of Medical Properties Trust, Inc. |
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8-K |
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001-32559 |
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3.1 |
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May 22, 2020 |
4.1 |
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S-11/A |
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333-119957 |
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4.1 |
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January 6, 2005 |
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4.2 |
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10-K |
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001-32559 |
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4.2 |
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February 27, 2020 |
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4.3 |
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8-K |
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001-32559 |
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4.1 |
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October 16, 2013 |
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4.4 |
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8-K |
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001-32559 |
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4.1 |
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August 21, 2015 |
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4.5 |
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8-K |
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001-32559 |
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4.2 |
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July 22, 2016 |
Exhibit Number |
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Description |
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Form |
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File Number |
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Exhibit Number |
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Filing Date |
4.6 |
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8-K |
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001-32559 |
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4.2 |
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March 27, 2017 |
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4.7 |
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10-Q |
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001-32559 |
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4.1 |
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November 9, 2017 |
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4.8 |
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8-K |
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001-32559 |
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4.2 |
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July 29, 2019 |
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4.9 |
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8-K |
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001-32559 |
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4.2 |
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December 11, 2019 |
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4.10 |
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8-K |
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001-32559 |
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4.4 |
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December 11, 2019 |
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4.11 |
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8-K |
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001-32559 |
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4.2 |
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December 7, 2020 |
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10.1 |
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Second Amended and Restated Agreement of Limited Partnership of MPT Operating Partnership, L.P. |
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8-K |
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001-32559 |
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10.1 |
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August 6, 2007 |
10.2 |
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Medical Properties Trust, Inc. 2013 Equity Incentive Plan*** |
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10-K |
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001-32559 |
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10.2 |
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March 1, 2019 |
10.3 |
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Medical Properties Trust, Inc. 2019 Equity Incentive Plan*** |
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DEF 14A |
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001-32559 |
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A |
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April 26, 2019 |
10.4 |
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8-K |
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001-32559 |
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10.2 |
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October 18, 2005 |
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10.5 |
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8-K |
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001-32559 |
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10.4 |
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October 18, 2005 |
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10.6 |
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8-K |
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001-32559 |
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10.5 |
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October 18, 2005 |
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10.7 |
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S-11/A |
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333-119957 |
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10.3 |
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January 6, 2005 |
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10.8 |
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S-11/A |
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333-119957 |
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10.4 |
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January 6, 2005 |
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10.9 |
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S-11/A |
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333-119957 |
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10.6 |
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January 6, 2005 |
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10.10 |
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S-11/A |
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333-119957 |
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10.5 |
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January 6, 2005 |
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10.11 |
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S-11/A |
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333-119957 |
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10.55 |
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July 5, 2005 |
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10.12 |
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8-K |
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001-32559 |
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10.2 |
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August 6, 2007 |
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10.13 |
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8-K |
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001-32559 |
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10.3 |
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August 6, 2007 |
Exhibit Number |
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Description |
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Form |
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File Number |
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Exhibit Number |
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Filing Date |
10.14 |
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10-K |
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001-32559 |
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10.58 |
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March 14, 2008 |
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10.15 |
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10-K |
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001-32559 |
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10.59 |
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March 14, 2008 |
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10.16 |
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10-K |
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001-32559 |
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10.61 |
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March 14, 2008 |
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10.17 |
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10-K |
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001-32559 |
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10.74 |
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March 13, 2009 |
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10.18 |
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10-K |
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001-32559 |
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10.75 |
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March 13, 2009 |
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10.19 |
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10-K |
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001-32559 |
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10.76 |
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March 13, 2009 |
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10.20 |
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10-K |
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001-32559 |
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10.77 |
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March 13, 2009 |
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10.21 |
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10-K |
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001-32559 |
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10.78 |
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March 13, 2009 |
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10.22 |
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10-K |
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001-32559 |
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10.79 |
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March 13, 2009 |
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10.23 |
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10-K |
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001-32559 |
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10.33 |
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March 1, 2017 |
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10.24 |
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10-K |
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001-32559 |
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10.34 |
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March 1, 2017 |
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10.25 |
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10-K |
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001-32559 |
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10.35 |
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March 1, 2017 |
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10.26 |
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10-Q |
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001-32559 |
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10.1 |
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August 9, 2017 |
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10.27 |
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10-Q |
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001-32559 |
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10.2 |
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August 9, 2017 |
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10.28 |
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10-Q |
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001-32559 |
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10.3 |
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August 9, 2017 |
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10.29 |
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10-Q |
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001-32559 |
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10.4 |
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August 9, 2017 |
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10.30 |
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10-Q |
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001-32559 |
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10.5 |
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August 9, 2017 |
Exhibit Number |
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Description |
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Form |
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File Number |
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Exhibit Number |
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Filing Date |
10.31 |
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10-Q |
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001-32559 |
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10.6 |
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August 9, 2017 |
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10.32 |
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10-Q |
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001-32559 |
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10.1 |
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November 9, 2017 |
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10.33 |
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10-Q |
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001-32559 |
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10.2 |
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November 9, 2017 |
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10.34 |
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10-Q |
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001-32559 |
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10.1 |
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August 9, 2018 |
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10.35 |
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10-Q |
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001-32559 |
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10.1 |
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August 9, 2019 |
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10.36 |
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10-Q |
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001-32559 |
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10.2 |
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November 12, 2019 |
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10.37 |
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10-Q |
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001-32559 |
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10.1 |
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August 7, 2020 |
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21.1 |
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10-K |
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001-32559 |
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21.1 |
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March 1, 2021 |
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23.1 |
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10-K |
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001-32559 |
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23.1 |
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March 1, 2021 |
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23.2 |
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10-K |
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001-32559 |
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23.2 |
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March 1, 2021 |
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23.3* |
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23.4* |
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23.5* |
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23.6* |
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31.1* |
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31.2* |
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31.3* |
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31.4* |
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32.1** |
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Exhibit Number |
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Description |
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Form |
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File Number |
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Exhibit Number |
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Filing Date |
32.2** |
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99.1**** |
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Consolidated Financial Statements of Steward Health Care System LLC as of December 31, 2020 and 2019 |
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Exhibit 101.INS |
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Inline XBRL Instance Document |
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Exhibit 101.SCH |
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Inline XBRL Taxonomy Extension Schema Document |
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Exhibit 101.CAL |
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Inline XBRL Taxonomy Extension Calculation Linkbase Document |
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Exhibit 101.DEF |
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Inline XBRL Taxonomy Extension Definition Linkbase Document |
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Exhibit 101.LAB |
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Inline XBRL Taxonomy Extension Label Linkbase Document |
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Exhibit 101.PRE |
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Inline XBRL Taxonomy Extension Presentation Linkbase Document |
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104 |
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Cover page interactive data file (Formatted as Inline XBRL with applicable taxonomy extension information contained in Exhibits 101.) |
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* |
Filed herewith. |
** |
Furnished herewith. |
*** |
Management contract or compensatory plan or arrangement. |
**** |
Since affiliates of Steward Health Care System LLC lease more than 20% of our total assets under triple net leases, the financial status of Steward may be considered relevant to investors. Steward’s most recently available audited consolidated financial statements (as of and for the years ended December 31, 2020 and 2019) are attached as Exhibit 99.1 to this Amendment No. 1 to the Annual Report on Form 10-K. We have not participated in the preparation of Steward’s financial statements nor do we have the right to dictate the form of any financial statements provided to us by Steward. |
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized.
MEDICAL PROPERTIES TRUST, INC. |
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By: |
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/s/ J. Kevin Hanna |
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J. Kevin Hanna |
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Vice President, Controller, and Chief Accounting Officer |
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MPT OPERATING PARTNERSHIP, L.P. |
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By: |
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/s/ J. Kevin Hanna |
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J. Kevin Hanna |
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Vice President, Controller, and Chief Accounting Officer of the sole member of the general partner of MPT Operating Partnership, L.P. |
Date: June 9, 2021