Reported about 1 month ago
Medical Properties Trust (MPW) is navigating difficulties after its main tenant, Steward Health Care, filed for bankruptcy. To address ongoing financial issues, MPW has reached an agreement to transition ownership of Steward-operated hospitals to new operators while temporarily managing operations and funding associated costs. This strategic move aims to sever ties with Steward and find suitable long-term operators, marking a significant step towards stabilizing MPW's business amidst ongoing challenges.
Source: YAHOO