{ }
Medical Properties Trust Inc. is seeking to take control of three Southern California healthcare entities after alleging that Prospect Medical Holdings has defaulted on its debt. MPT has requested the resignation of the current board members to appoint independent managers and has warned of potential foreclosure on the properties if the default is not resolved.
Astrana Health has entered a binding agreement to acquire the majority of Prospect’s managed care platform for approximately $745 million, with Medical Properties Trust (MPT) expecting around $200 million in cash proceeds after settling certain liabilities. The majority of the cash is anticipated in the first half of 2025, with a $50 million payment expected by 2027, pending regulatory approval and other conditions. MPT, a leading real estate investment trust, owns 402 hospital facilities globally, facilitating operators in unlocking real estate value for operational improvements.
Medical Properties Trust, Inc. has announced its financial results for the third quarter, highlighting key performance metrics and developments within the company. The report provides insights into the company's operational efficiency and strategic initiatives aimed at enhancing shareholder value. Further details can be found in the full report.
Trending
Subcategory:
Countries:
Companies:
Currencies:
People:

Machinary offers a groundbreaking, modular, and customizable solution that provides advanced financial news and statistical analysis. Our platform goes beyond traditional quantitative analysis, offering users a comprehensive understanding of real-time market dynamics, event detection, and risk analysis.

Address

Waitlist

We’re granting exclusive early access to the first 500 users from december 20.

© 2024 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Theme mode

Layout settings

Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.