Windrose Medical Properties Trust Acquires Three Hospitals in $26.2 Million Transaction

INDIANAPOLIS, Aug. 3  /PRNewswire-FirstCall/ -- Windrose Medical Properties Trust (NYSE:WRS), a self-managed specialty medical properties real estate investment trust (REIT), has acquired three specialty hospitals for an aggregate consideration of $26.2 million. Windrose acquired the properties for cash provided from available funds drawn from its line of credit with Huntington National Bank.

The three properties are located in Louisiana, Oklahoma and Texas and represent more than 169,000 rentable square feet. Each hospital is subject to a separate long term master lease to affiliates of RehabCare Group, Inc. of St. Louis, MO., a leading provider of rehabilitation program management services for hospitals, nursing homes and other long-term care facilities.

Fred S. Klipsch, Chairman and Chief Executive Officer, stated, "The transaction expands our geographic footprint and diversifies our specialty hospital portfolio. It further positions Windrose as a real estate solutions provider for health systems, physician groups and other specialty healthcare providers. Windrose now owns 92 medical properties in 13 states, aggregating approximately $724 million in acquisition value."

  The transaction included the acquisition of the following properties:

  * Clearlake Rehabilitation Hospital - This physical rehabilitation
    hospital is located in Webster, TX, and contains 60 licensed acute care
    beds. Built in 1991, the one-story building contains 58,023 rentable
    square feet on six acres of land.

  * Lafayette Specialty Hospital - This long-term acute care hospital
    ("LTACH") is located in Lafayette, LA, and contains 42 licensed acute
    care beds. Built in 1993, the one-story building contains 53,184
    rentable square feet and is located on 7.375 acres of land.

  * Northeast Oklahoma Rehabilitation Hospital - This physical
    rehabilitation hospital is located in Tulsa, OK, and contains 60
    licensed acute care beds. Built in 1992, the one-story building contains
    58,274 rentable square feet and is located on seven acres of land.

  About Windrose


Windrose Medical Properties Trust is a self-managed Real Estate Investment Trust (REIT) based in Indianapolis, Indiana, with an office in Nashville, Tennessee. Providing comprehensive real estate solutions, Windrose acquires, selectively develops and manages specialty medical properties, including medical office buildings, outpatient treatment diagnostic facilities, physician group practice clinics, ambulatory surgery centers, specialty hospitals, outpatient treatment centers and other healthcare related specialty properties.

Safe Harbor

Some of the statements in this news release constitute forward-looking statements. Such statements include, in particular, statements about our beliefs, expectations, plans and strategies that are not historical facts, and statements related to the development of a medical office building. You should not rely on our forward-looking statements because the matters they describe are subject to known and unknown risks, uncertainties, assumptions and changes in circumstances, many of which are beyond our control, which may cause our actual results to differ significantly from those expressed in any forward- looking statement. The factors that could cause actual results to differ materially from current expectations include difficulties incurred in connection with developing the medical office building, financial performance and condition of our tenants, adverse changes in healthcare laws, changes in economic and general business conditions, competition for specialty medical properties, our ability to finance our operations, regulatory conditions, and other factors described from time to time in filings we make with the Securities and Exchange Commission. The forward-looking statements contained herein represent our judgment as of the date hereof and we caution readers not to place undue reliance on such statements. We do not undertake to publicly update or revise any forward-looking statement whether as a result of new information, future events or otherwise.

  Contact:                                Investors / Media:
  Windrose Medical Properties Trust       The Ruth Group
  Fred Farrar                             Stephanie Carrington / Jason Rando
  President and COO                       646 536-7017 / 7025
  317 860-8213                            
                                          

DATASOURCE: Windrose Medical Properties Trust



CONTACT: Fred Farrar, President and COO, Windrose Medical Properties

Trust, [phone]; Investors - Stephanie Carrington, [phone],

, or Media - Jason Rando, [phone],

, both of The Ruth Group

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