Medical Properties Trust Reaches Global Settlement Agreement Restoring Its Control Over Its Real Estate, Severs Its Relationship With Steward Health Care
Portfolio Pulse from Benzinga Newsdesk
Medical Properties Trust (MPT) has reached a global settlement agreement, regaining control over its real estate and ending its relationship with Steward Health Care. MPT expects to receive $160 million in annualized cash rental payments by Q4 2026, representing 95% of what Steward would have owed.
September 11, 2024 | 9:49 pm
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Medical Properties Trust has regained control over its real estate assets and severed ties with Steward Health Care. The new lease agreements are expected to generate $160 million in annualized cash rental payments by Q4 2026, which is 95% of what Steward would have owed.
The settlement allows MPT to regain control over its assets and secure a stable revenue stream through new lease agreements. The expected rental income is close to what was previously anticipated, indicating a positive financial outlook.
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