Hospital Landlord MPT Moves to Control Prospect Medical Entities [Yahoo! Finance Canada]
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 Canada
Most Read from Bloomberg MPT has demanded that the board members of three units resign so they can be replaced by MPT-designated independent managers, according to the Nov. 18 letter sent by MPT. The company also warned Prospect that MPT could still foreclose on the properties if the debt default is not cleared. The targets include one of Prospect's flagship entities, Alta Hospitals System, which owned three hospitals when Prospect bought the company in 2007. That purchase began Prospect's experiment in what it calls “coordinated regional care,” which aims to boost profit by making medical services in an area more efficient. Representatives for Medical Properties Trust and Prospect Medical did not respond to requests for comment. Medical Properties Trust buys medical facilities and leases them back to the operators. In 2019, Prospect sold several properties to MPT as part of a $1.55 billion deal. MPT announced a restructuring of its agreement with Prospect last year after m
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MPW
Earnings
- 11/7/24 - Miss
MPW
Sec Filings
- 11/25/24 - Form D/A
- 11/8/24 - Form SC
- 11/7/24 - Form 8-K
- MPW's page on the SEC website