Reported 27 days ago
Steward Health Care has received court approval for a settlement with its landlord Medical Properties Trust (MPT) as part of its bankruptcy proceedings. The agreement allows Steward to move forward with selling its hospital operations and resolves a dispute over future sale proceeds. The settlement includes provisions for MPT to waive significant lease obligations and for Steward to transfer operations to new tenants, ensuring operational continuity while avoiding additional expenses. Final approval for the deal is anticipated later this month.
Source: YAHOO