The latest announcement is out from Medical Properties ( (MPW) ).
Medical Properties Trust, Inc. has navigated a complex financial situation following Steward Health Care System’s Chapter 11 bankruptcy filing. With $2.8 billion invested in Steward’s facilities, the company reached an interim settlement that transitioned management of 15 hospitals to new operators, while also providing them with $80 million in loans. Additionally, certain properties will be sold or transferred with the expectation of further impairment charges. This settlement marks the end of Medical Properties Trust’s business relationship with Steward, as they move forward with re-leasing and selling real estate assets, amidst anticipated additional impairments and regulatory approvals.
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