The Birmingham, Ala.-based real-estate investment trust made $23 billion of acquisitions over two decades, mainly of hospital properties. Steward accounted for $3.8 billion, or almost 20%, of MPT’s assets as of Sept. 30 and is MPT’s largest tenant. Hospital chains that are MPT’s tenants, including Steward and Prospect, have closed facilities and cut services, reducing healthcare options in some communities. During a conference call with analysts in August, MPT’s chief financial officer, Steven Hamner, said MPT planned to file Steward’s 2022 financial statements once the company received them. To date, MPT hasn’t disclosed Steward’s 2022 financial statements.

Source: Wall Street Journal January 06, 2024 07:08 UTC