"Medical Properties Trust Intensifies Rent Collection as Losses Mount and Stock Nears 14-Year Low"
Medical Properties Trust, the largest hospital landlord in the U.S., announced significant write-downs of approximately $350 million due to its main tenant, Steward Health Care System, falling behind on rent. The company also engaged a notable restructuring adviser, signaling potential further financial distress. This announcement led to a nearly 30% drop in MPT's stock price in early trading, with a total decline of 70% over the past year.
