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Wednesday, November 01, 2006

Medical Properties Trust plans to spend $4 million to renovate the Physicians’ Hospital. The company purchased the facility for $17.8 million in August and will turn it over to Vibra Healthcare LLC in 2007 as a long-term acute care center. Just over two years ago, four local doctors purchased the hospital, formerly the Woodland Park Hospital, after it went bankrupt. The doctors ran into financial problems after an elderly patient died, resulting in a loss of funding.

 

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