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Medical Properties Trust Q1 losses attributed to Steward, again

Dallas-based Steward Health Care, a major debtor of Medical Properties Trust (MPT), drove the hospital real estate owner’s Q1 2024 losses. Key issues included Steward’s bankruptcy filing, a net loss of $693 million for MPT largely attributed to non-real estate adjustments, and MPT’s provision of $75 million in debtor-in-possession financing to Steward. The company also reported a 36% year-on-year drop in operational funds to $142 million in Q1 2024 due to decreased revenue from Steward.

Source: www.beckershospitalreview.com –

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