---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-220733"
form_type: "8-K"
ticker: "MPT"
cik: "0001287865"
company_name: "MEDICAL PROPERTIES TRUST INC"
filed_at: "2024-09-17T23:59:59+00:00"
generated_at: "2026-05-31T04:11:00.440389+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Bankruptcy court approves Steward settlement; MPT re-leases 15 hospitals, expects $430M impairment

## Summary
- Bankruptcy court approved interim global settlement terminating Steward master lease; 15 hospitals transitioned to new interim managers designated by MPT as of Sept 11, 2024.
- MPT will provide up to $80M in secured loans to new operators; loans expected to be repaid via asset-backed working capital loans.
- New leases have ~18-year weighted average initial term with minimum annual escalator; no cash rent for remainder of 2024.
- MPT expects additional Q3 2024 impairment of ~$430M on Steward working capital loans and real estate; also ~$120M amortization expense for terminated lease intangibles.
- Space Coast Facilities to be sold to third party; other 8 properties to be conveyed/abandoned to MPT; mutual release of claims upon completion.

## SEC filing metadata
- accession: 0001193125-24-220733
- form_type: 8-K
- ticker: MPT
- cik: 0001287865
- company_name: MEDICAL PROPERTIES TRUST INC
- filed_at: 2024-09-17T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.02, 2.06, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1287865/000119312524220733/0001193125-24-220733-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1287865/000119312524220733/d838495d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-220733
- JSON: https://secwatch.observer/filing/0001193125-24-220733.json
- Plain text: https://secwatch.observer/filing/0001193125-24-220733.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.