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Stock impact report

Biggest Private For-Profit Health System Gets $225 Million Funding to Keep Hospitals Open [BNN Bloomberg (Canada)]

Medical Properties Trust, Inc. common stock (MPW) 
Last medical properties trust, inc. common stock earnings: 4/29 06:30 pm Check Earnings Report
US:NYSE Investor Relations: medicalpropertiestrust.com
Company Research Source: BNN Bloomberg
The biggest private for-profit hospital chain in the country needed the infusion as hospital landlord Medical Properties Trust Inc. declined to advance more than an initial $75 million Chapter 11 loan, Steward Chief Restructuring Officer John Castellano said in a sworn statement Tuesday. The new funding comes from a group of lenders that includes Brigade Capital Management LP and an affiliate of WhiteHawk Capital Partners LP. The hospital operator needs the cash to cover payrolls for doctors and thousands of other employees as well key vendors. At stake is Steward's ability to continue providing critical care to patients at dozens of its hospitals across eight states as well as its bankruptcy advisers' attempts to sell the company's assets in Chapter 11. After Steward's liquidity crunch led to hospital closures, including several in Massachusetts, the system as well as former private equity owner, Cerberus Capital Management, fell under Congressional scrutiny. Parties that have Show less Read more
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