BIRMINGHAM, Ala., Jan. 18, 2023 (GLOBE NEWSWIRE) — Alabama’s premier INDYCAR event announced today that the event has a new title sponsor, Medical Properties Trust. The event is called the Children’s of Alabama Indy Grand Prix due to Medical Properties Trust’s philanthropic vision.
Medical Properties Trust, a Birmingham-based real estate investment trust specializing in the acquisition and development of net-leased hospital facilities around the world, has entered into a five-year sponsorship deal for the event’s naming rights and permission dedicated to Children of Alabama. A percentage of proceeds from ticket sales and additional side events benefit Children’s of Alabama.
Children’s of Alabama is ranked among the top children’s hospitals by US News & World Report. Children’s serves patients from all counties in Alabama and is one of the ten busiest children’s hospitals in the United States.
The three-day racing event takes place from April 28th to 30th with the NTT INDYCAR SERIES. In his 13thth Year the event takes place at the world famous Barber Motorsports Park, home of the Barber Vintage Motorsports Museum. This year’s April 28-30 event kicks off the month of May and leads up to racing’s greatest spectacle, the Indianapolis 500. Tickets are available now at indyalabama.com, with entry tickets starting at $25. Children under the age of 15 get free entry when accompanied by an adult with a ticket.
“Children’s of Alabama provides invaluable resources to the children of our state and Southeast,” said Edward K. Aldag, Jr., Chairman, President and CEO of Medical Properties Trust. “As a proud and long-time supporter of Children’s of Alabama, we are excited to sponsor the Indy Grand Prix on behalf of Children’s of Alabama at Barber Motorsports Park to raise awareness of their services and raise funds for the world-class hospital.”
“We are honored to be the primary beneficiary of the Children’s of Alabama Indy Grand Prix,” said Tom Shufflebarger, President and CEO of Children’s of Alabama. “We have enjoyed our partnership with Medical Properties Trust for many years and we cannot thank them enough for making Children’s of Alabama an even bigger part of this amazing weekend.”
“We are very pleased to have entered into this agreement with Medical Properties Trust. It marks a new era for this event,” said Gene Hallman, CEO of ZOOM Motorsports, the exclusive promoter of Barber Motorsports Park. “We thank Medical Properties Trust for their partnership which will enable the event to be the first race in the NTT INDYCAR SERIES to partner with a non-profit organization for race naming rights.”
“Since the first race in 2010, the growth of the NTT INDYCAR SERIES in Alabama has been remarkable,” said INDYCAR President Jay Frye. “It is great to see Medical Properties Trust working with Barber Motorsports Park to expand their Racing for Children programme. Barber Motorsports Park has a tradition of producing great racing and exciting partnerships and we look forward to continuing both in the years to come.”
Honda will continue its longstanding partnership with the event as the Official Automotive Partner.
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About the Children’s of Alabama Indy Grand Prix
In its 13th year is the Children of Alabama Indy Grand Prix is a signature event at the NTT INDYCAR SERIES circuit. This year’s event features ten races over three days with drivers including Will Power, Romain Grosjean, Scott Dixon and Alex Palou at the world famous Barber Motorsports Park from April 28th to 30th. The event generates more than $20 million in economic impact annually, with tickets sold in 50 states and 8 countries. The race will be broadcast nationally and internationally by NBC in more than 100 countries. Additional events include wine tastings, an arts festival, INDY 5K, Fan Zone and more. Visit indyalabama.com for more information.
Barber Motorsports Park is home to the Barber Vintage Motorsports Museum, a 501(c)(3) non-profit foundation located in the 880-acre Barber Motorsports Park dedicated to vintage motorcycles and motorsport. The museum houses the world’s largest motorcycle collection and is widely known for its collection of vintage Lotus racing cars and other rare vehicles.
About Children of Alabama
Since 1911, Children’s of Alabama has provided specialized medical care for sick and injured children, providing inpatient, outpatient, and primary care throughout Central Alabama. Ranked among the top children’s hospitals in the country by US News & World Report, Children’s serves patients from every county in Alabama and almost every state. Children’s is a private, not-for-profit medical center that serves as the University of Alabama-Birmingham (UAB) teaching hospital for pediatric medicine, surgery, psychiatry, research and residency programs. The medical staff consists of UAB faculty and full-time pediatric doctors, as well as private practicing community doctors.
About Medical Properties Trust
Medical Properties Trust is a self-advising real estate trust formed in 2003 to acquire and develop net leased hospital facilities. Since its inception in Birmingham, Alabama, the company has grown to become one of the world’s largest hospital owners in ten countries on four continents. MPT’s financing model facilitates acquisitions and recapitalizations, allowing hospital operators to unlock the value of their real estate assets to fund facility improvements, technology upgrades and other investments in operations. For more information, visit the company’s website at www.medicalpropertiestrust.com
About the NTT INDYCAR SERIES
The NTT INDYCAR SERIES is North America’s premier open wheel auto racing series. It boasts an international field of the world’s most diverse drivers – including two-time and reigning series champion Will Power, six-time series champion Scott Dixon, two-time series champion Josef Newgarden, four-time Indianapolis 500 winner Helio Castroneves and reigning 500 winner Marcus Ericsson – who compete on superspeedways, short ovals, street circuits and permanent street courses. The 2023 season will consist of 17 races across the United States and Canada and will be highlighted by the historic Indianapolis 500 presented by Gainbridge. The NTT INDYCAR SERIES, INDYCAR, INDY NXT by Firestone, Indianapolis Motor Speedway and IMS Productions are owned by Penske Corporation, a world-leading transportation, automotive and motorsport company. For more information on the NTT INDYCAR SERIES, visit www.indycar.com.