"Medical Properties Trust Continues Selling Spree, Stock Soars on 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 non-recourse secured loan. This comes after the recent sale of five hospitals to Prime Healthcare for $350 million. The company is aiming to free up liquidity following financial challenges related to its exposure to Steward Health Care's financial instability, which led to a net loss of $556 million for fiscal year 2023. With the Utah deal closed, MPT's CEO is confident that the company will exceed its $2 billion liquidity threshold.
