Medical Properties Belief, the nation’s largest hospital landlord, mentioned it could document about $350 million of write-downs associated to its largest tenant, which had fallen behind on its lease, and employed a widely known restructuring adviser.
MPT, which had lengthy supported Dallas-based Steward Well being Care System, mentioned extra write-downs are doable. The information, launched Thursday after the market closed, despatched shares of MPT down almost 30% in early buying and selling Friday. The inventory is down by 70% over the previous 12 months.
Copyright ©2024 Dow Jones & Firm, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
