Alabama’s IndyCar event has a new title sponsor, Medical Properties Trust, it was announced Wednesday.

According to a press release, Medical Properties Trust – through a philanthropic vision – will name the race the “Children’s of Alabama Indy Grand Prix.”

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 agreement for the naming rights of the event and has dedicated the entitlement to Children’s of Alabama.

“Children’s of Alabama provides invaluable resources to the children of our state and the southeast,” Edward K. Aldag, Jr., Chairman, President and CEO of Medical Properties Trust, said in a statement. “As a proud and long-time supporter of Children’s of Alabama, we are delighted to be able to sponsor the Indy Grand Prix on behalf of Children’s of Alabama at Barber Motorsports Park to increase awareness of their services and raise funds for the world-class hospital.”

A percentage of proceeds from ticket sales and additional ancillary events will benefit Children’s of Alabama.

Children’s of Alabama is ranked among the best children’s hospitals by U.S. News & World Report. Children’s serves patients from every county in Alabama and is one of the ten busiest pediatric hospitals in the United States.

The three-day racing event will take place April 28 -30.

In its 13th year, the event is hosted at Barber Motorsports Park, home of the Barber Vintage Motorsports Museum.

Tickets are on sale now at indyalabama.com, with general-admission tickets starting at $25. Kids 15 and under are admitted free with a ticketed adult.

“We are honored to be the primary beneficiary of Children’s of Alabama Indy Grand Prix,” Tom Shufflebarger, President and CEO of Children’s of Alabama, said in a statement. “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.”