Becker's Healthcare May 7, 2024
Medical Properties Trust, one of the world’s largest hospital real estate owners and landlord to Dallas-based Steward Health Care, approved $75 million in debtor-in-possession financing for the health system after it filed for Chapter 11 bankruptcy.
The landlord expects Steward to use the funding to ensure patient care continues while it “accelerates the re-tenanting of hospitals to new operators,” according to a May 6 Medical Properties Trust news release.
“Steward Health Care has done everything in its power to operate successfully in a highly challenging healthcare environment,” Ralph de la Torre, MD, CEO of Steward, said in a May 6 health system news release. “Filing for Chapter 11 restructuring is in the best interests of our...
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