Nation’s Biggest Hospital Landlord Suffers New Losses

Medical Properties Belief, the nation’s largest hospital landlord, stated it might report about $350 million of write-downs associated to its largest tenant, which had fallen behind on its hire, and employed a widely known restructuring adviser. 

MPT, which had lengthy supported Dallas-based Steward Well being Care System, stated extra write-downs are doable. The information, launched Thursday after the market closed, despatched shares of MPT down practically 30% in early buying and selling Friday. The inventory is down by 70% over the previous yr.