Bankrupt Steward Health approved to sell six Massachusetts hospitals at a loss [Yahoo! Finance]
Medical Properties Trust, Inc. common stock (MPW)
Last medical properties trust, inc. common stock earnings: 4/29 06:30 pm
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Source: Yahoo! Finance
approval on Wednesday to sell six Massachusetts hospitals, despite taking no profit from the $343 million sale. U.S. Bankruptcy Judge Christopher Lopez approved the sales as "the best deal that's on the table," at a court hearing in Houston, Texas. The sale will allow Steward to stem its losses and minimize the disruption to patients, even though the company won't make any money from the sale, Steward's attorney Candace Arthur told Lopez. Most of the money from the sales will be paid to acquire the hospital real estate, which is owned by Medical Properties Trust and Macquarie. Steward's other liabilities exceed the modest amount that buyers agreed to pay for its hospital operations and separate assets, Arthur said. Steward previously sold its Massachusetts real estate in a 2016 transaction that has been criticized by Massachusetts politicians and U.S. Senators. Massachusetts supported the sale, agreeing to provide $42 million in funding to the hospitals for September. Massac
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MPW
Earnings
- 8/8/24 - Miss
MPW
Sec Filings
- 8/27/24 - Form 4
- 8/15/24 - Form 4
- 8/15/24 - Form 144
- MPW's page on the SEC website