Medical Properties Trust selling spree continues, Utah deal closes Yahoo Finance
News Source : Healthcaredive.com
News Summary
- The deal is expected to generate approximately $1
- 1 billion in in cash for the liquidity-strapped hospital landlord
- The for-profit physician owned network began delaying rent payments to MPT in September, and only paid $16 million of its required $70 million of rent during the fourth quarter
Dive BriefMedical Properties Trust has sold the majority of its interests in five Utah hospitals for $886 million, the hospital landlord said Friday.The hospitals included in the deal are [+2412 chars]