Medical Properties Trust issues statement in response to Steward Health Care

Medical Properties Trust issued the following statement in response to Steward Health Care’s decision to commence an in-court restructuring process under Chapter 11 of the U.S. Bankruptcy Code. MPT has approved the funding of $75M in debtor-in-possession financing. The Company has not committed to providing additional funding beyond this amount. MPT expects Steward to use the financing to ensure continuity of patient care while accelerating the re-tenanting of hospitals to new operators. Any debtor-in-possession financing terms are subject to approval of the bankruptcy court.