"Medical Properties Trust Continues Selling Spree with Utah Hospital Deal"
Medical Properties Trust has sold the majority of its interests in five Utah hospitals for $886 million to an unspecified investment firm's joint venture, while also receiving a $190 million secured loan. This comes after the recent sale of five hospitals to Prime Healthcare for $350 million, as MPT aims to free up liquidity following financial challenges related to its exposure to Steward Health Care's financial instability. MPT reported a net loss of $556 million for fiscal year 2023, citing the Steward shortfall as a significant contributor to the results, and is pursuing several sales to shore up at least $2 billion in liquidity.