Category: MPT
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Hospital Landlord MPT Seeks Control of California Entities
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(Bloomberg) — Medical Properties Trust Inc., one of the largest U.S. hospital owners, moved to take control of three Southern California health care entities after the owner — Prospect Medical Holdings — was accused of defaulting on debt. Most read from Bloomberg MPT has requested the resignation of board members…
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Steward Health Care’s settlement deal with landlord MPT receives court approval
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U.S. hospital operator Steward Health Care has received court approval for a settlement with its owner, Medical Properties Trust (MPT), amid ongoing bankruptcy proceedings. U.S. Bankruptcy Judge Christopher Lopez approved the agreement, which allows Steward to move forward with the sale of the hospital operations. This comes on the heels…