Steward Health Care files Ch. 11; MPW holds $362M loan, leases 36 facilities

MEDICAL PROPERTIES TRUST INC

Steward filed Chapter 11 on May 6, 2024; two master leases with MPW expire Oct 2041 cover 36 facilities.
MPW holds a $362 million loan to Steward affiliates plus working capital loans and a 9.9% equity stake.
Bankruptcy triggers default and stay; MPW intends to negotiate and pursue legal remedies to maximize recovery.
MPW anticipates providing up to $75M DIP financing subject to bankruptcy court approval.
Outcome uncertain; MPW’s recovery on its Steward investments depends on court-approved restructuring.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.