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Stock impact report

Massachusetts Is Trying to Prevent REITs From Owning Hospitals [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
A sweeping health-care oversight bill that passed the state House of Representatives with almost unanimous support includes a provision that would ban hospitals from leasing their main campuses from real estate investment trusts, known as REITs. Other types of landlords would still be allowed to own hospitals and existing leases with REITs can continue. The crackdown would be among the first of its kind in the US. A similar measure singling out REITs is included in federal legislation introduced this month by Massachusetts Senators Elizabeth Warren and Ed Markey with the broader goal of rooting out “corporate greed” from the health-care industry. The moves are in response to Steward's May bankruptcy filing, which cast doubt on the future of its eight hospitals in Massachusetts and drew widespread political outrage over the hospital chain's various financial maneuvers. This includes the 2016 sale of Steward's hospital properties to a REIT called Medical Properties Trust Inc. Priva Show less Read more
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