Medical Properties Trust, Inc. (the "Company" or "MPT") (NYSE:MPW) today issued the below statement in response to Prospect Medical Group's ("Prospect") decision to commence an in-court restructuring process under Chapter 11 of the U.S. Bankruptcy Code. As discussed during MPT's third quarter 2024 earnings, while Prospect's California facilities have reported volume growth and improved coverage trends in 2024, its overall liquidity has been adversely impacted by stalled sales processes across various East Coast markets, including Rhode Island where MPT has no interest in the real estate. Prospect has not paid any rent to MPT since June 2024, its Connecticut and Pennsylvania lessees and mo

Medical Properties Trust, Inc. (the "Company" or "MPT") (NYSE:MPW) today announced that it has reached an agreement with Viceroy Research LLC ("Viceroy") and its members to mutually settle and dismiss the defamation lawsuit originally filed in federal court on March 30, 2023. The parties have agreed to keep the terms of the settlement confidential. About Medical Properties Trust, Inc. Medical Properties Trust, Inc. is a self-advised real estate investment trust formed in 2003 to acquire and develop net-leased hospital facilities. From its inception in Birmingham, Alabama, the Company has grown to become one of the world's largest owners of hospital real estate with 402 facilities and ap

Medical Properties Trust, Inc. (the "Company" or "MPT") (NYSE:MPW) today announced that its Board of Directors declared a regular quarterly cash dividend of $0.08 per share of common stock to be paid on January 9, 2025, to stockholders of record on December 12, 2024. About Medical Properties Trust, Inc. Medical Properties Trust, Inc. is a self-advised real estate investment trust formed in 2003 to acquire and develop net-leased hospital facilities. From its inception in Birmingham, Alabama, the Company has grown to become one of the world's largest owners of hospitals with 402 facilities and approximately 40,000 licensed beds in nine countries and across three continents as of September

MPT Expects Approximately $200 Million in Cash Proceeds Astrana Health, a leading provider-centric healthcare company based in California, entered into a binding agreement on November 8 to purchase the majority of Prospect's managed care platform for approximately $745 million and the assumption of certain liabilities. After satisfaction of obligations to the managed care platform's senior creditor and other liabilities, MPT expects to receive approximately $200 million in total proceeds. The majority of this cash is expected to be received in the first half of 2025, while a $50 million payment is expected by 2027. The transaction remains subject to regulatory approval and other closing co

Operations of 17 Former Steward Hospitals Transitioned to Five New Operators Approximately $2.9 Billion of Year-to-Date Liquidity Transactions Completed Medical Properties Trust, Inc. (the "Company" or "MPT") (NYSE:MPW) today announced financial and operating results for the third quarter ended September 30, 2024, as well as certain events occurring subsequent to quarter end. Third Quarter Financial Highlights Net loss of ($1.34) and Normalized Funds from Operations ("NFFO") of $0.16 for the 2024 third quarter on a per share basis; and Third quarter net loss included approximately $130 million in real estate gains, offset by approximately $608 million of impairment charges, approxima

Medical Properties Trust, Inc. (NYSE:MPW) today announced it will host a conference call and webcast on Thursday, November 7, 2024 at 11:00 a.m. Eastern Time to discuss the company's third quarter 2024 financial results. A press release with third quarter 2024 financial results will be issued before the market opens on November 7, 2024. The dial-in numbers for the conference call are 877-883-0383 (U.S.) and 412-902-6506 (International) and the passcode to join the conference is 6768920. Call participants should dial in 10-15 minutes early so that their information can be collected prior to the start of the conference. The conference call will also be webcast live on the Investor Relations

Independent Members of MPT's Board of Directors Stand Firmly Behind Management The independent members of the Board of Directors of Medical Properties Trust, Inc. (the "Company" or "MPT") (NYSE:MPW) today released a letter to shareholders regarding the findings of an independent, forensic investigation into short-seller allegations, including with respect to transactions between the Company and Steward Healthcare ("Steward"). The Board's Audit Committee engaged Wachtell, Lipton, Rosen & Katz ("Wachtell Lipton") to conduct this investigation, which was completed in February 2023. The full text of the letter is included below. Dear fellow shareholder, Over much of the past two years, Medi

Executed New Lease Agreements with Four Quality Replacement Operators Completed Safe and Orderly Transitions of Operations at 15 Hospitals Medical Properties Trust, Inc. (the "Company" or "MPT") (NYSE:MPW) today announced that it reached a global settlement agreement with Steward Health Care System ("Steward"), its secured lenders ("the Lenders") and the Unsecured Creditors Committee ("UCC") that restores MPT's control over its real estate, severs its relationship with Steward and facilitates the immediate transition of operations to quality replacement operators at 15 hospitals around the country. Regarding the settlement, the Company issued the following statement: "From our initial u

Medical Properties Trust, Inc. (the "Company" or "MPT") (NYSE:MPW) today announced that its Board of Directors declared a regular quarterly cash dividend of $0.08 per share of common stock to be paid on October 10, 2024, to stockholders of record on September 9, 2024. About Medical Properties Trust, Inc. Medical Properties Trust, Inc. is a self-advised real estate investment trust formed in 2003 to acquire and develop net-leased hospital facilities. From its inception in Birmingham, Alabama, the Company has grown to become one of the world's largest owners of hospitals with 435 facilities and approximately 42,000 licensed beds in nine countries and across three continents as of June 30,

Medical Properties Trust, Inc. (the "Company" or "MPT") (NYSE:MPW) today announced the completion of its sale of 11 freestanding emergency department ("FSED"), primary care, imaging and urgent care facilities in Colorado to University of Colorado Health ("UCHealth") for $86 million. The Company intends to use the proceeds from the transaction to reduce debt and for general corporate purposes. Construction of the eleven facilities was funded by MPT for their original operator, Adeptus Health ("Adeptus"), between 2015 and 2017 at a total initial cost of $64 million. Shortly after Adeptus filed for Chapter 11 bankruptcy protection in 2017, UCHealth leased the facilities from MPT without inte

NEW YORK, March 1, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P 100, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, March 18, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed

Investors can contact the law firm at no cost to learn more about recovering their losses ​LOS ANGELES, Nov. 13, 2023 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Medical Properties Trust, Inc. ("MPW" or the "Company") (NYSE:MPW) investors that a lawsuit filed on behalf of investors that purchased MPW during the class period. Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: [email protected], to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors' options for pursuing claims to recover their losses. In May 2023

Investors can contact the law firm at no cost to learn more about recovering their losses ​LOS ANGELES, Oct. 25, 2023 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Medical Properties Trust, Inc. ("MPW" or the "Company") (NYSE:MPW) investors that a lawsuit filed on behalf of investors that purchased MPW during the class period. Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: [email protected], to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors' options for pursuing claims to recover their losses. In May 2023, MPW,

LOS ANGELES, Oct. 03, 2023 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Medical Properties Trust, Inc. ("MPW" or the "Company") (NYSE:MPW) investors that a lawsuit filed on behalf of investors that purchased MPW during the class period. Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: [email protected], to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors' options for pursuing claims to recover their losses. In May 2023, MPW, a real estate investment trust specializing in healthcare facilities, announced a recapital

Medical Properties Trust, Inc. (the "Company" or "MPT") (NYSE:MPW) today announced the appointment of three current members of its leadership team to the role of Senior Vice President. Rosa Hooper will serve as Senior Vice President ("SVP") of Operations, assuming leadership of all business operations while continuing to lead MPT's asset management and underwriting functions. Ms. Hooper will also assume the role of Assistant Secretary. Kevin Hanna will serve as SVP – Controller and Chief Accounting Officer. Larry Portal will serve as SVP – Senior Advisor to the CEO. "It is an honor to elevate these experienced and proven leaders to more prominent roles within our organization," said

Medical Properties Trust, Inc. (the "Company" or "MPT") (NYSE:MPW) today announced that Emmett E. McLean, Executive Vice President, Chief Operating Officer and Secretary, will retire from the Company effective September 1, 2023, after more than 20 years of service. McLean turns 68 this year and plans to spend more time with his wife Catherine and family, which includes three adult children, their spouses, and two grandchildren. One of the original three founders of MPT in 2003, McLean has been an integral part of the Company's success, overseeing the Asset Management and Underwriting, Human Resources, and IT departments for much of his time with MPT. He established numerous organizational

Medical Properties Trust, Inc. (the "Company" or "MPT") (NYSE:MPW) today announced the appointment of Emily W. Murphy to its Board of Directors. Currently, Ms. Murphy is a Senior Fellow with the Center for Government Contracting at George Mason University Business School, serves on the Boards of Advisors for Skillstorm and Vita Inclinata, works with high growth companies as a coach with CEO Coaching International, and consults with government contractors. Ms. Murphy was appointed as an independent member of MPT's Board of Directors based on the unanimous recommendation of MPT's Ethics, Nominating and Corporate Governance Committee. With the appointment of Ms. Murphy, MPT's Board of Director