![Modern Hospital Building](https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1312706413/image_1312706413.jpg?io=getty-c-w750)
JazzIRT/E+ through Getty Photos
Medical Properties Belief (NYSE:MPW) edged down nearly 1% in after-hours buying and selling a report that the REIT’s largest tenant,Steward Well being Care System, employed restructuring advisers.
Steward has engaged regulation agency Weil Gotshal & Manges and turnaround consulting agency AlixPartners to guage choices for its enterprise, in accordance to a WSJ report on Thursday, which cited individuals accustomed to the matter.
Medical Properties Belief (MPW) plunged 29% on Jan. 5 after the REIT stated it had taken steps to recover uncollected rents from troubled tenant Steward Well being Care System. MPW is making an attempt to cut back its publicity to Steward, which lately advised MPW that its liquidity has been adversely impacted by vital modifications to distributors’ fee phrases.
In a bid to enhance its liquidity and restore its steadiness sheet, Steward is pursuing a number of strategic transactions, together with the potential sale or re-tenanting of sure hospital operations in addition to the divestiture of non-core operations.
Medical Properties Belief (MPW) short interest is 26%.
Extra on Medical Properties
![Modern Hospital Building](https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1312706413/image_1312706413.jpg?io=getty-c-w750)
JazzIRT/E+ through Getty Photos
Medical Properties Belief (NYSE:MPW) edged down nearly 1% in after-hours buying and selling a report that the REIT’s largest tenant,Steward Well being Care System, employed restructuring advisers.
Steward has engaged regulation agency Weil Gotshal & Manges and turnaround consulting agency AlixPartners to guage choices for its enterprise, in accordance to a WSJ report on Thursday, which cited individuals accustomed to the matter.
Medical Properties Belief (MPW) plunged 29% on Jan. 5 after the REIT stated it had taken steps to recover uncollected rents from troubled tenant Steward Well being Care System. MPW is making an attempt to cut back its publicity to Steward, which lately advised MPW that its liquidity has been adversely impacted by vital modifications to distributors’ fee phrases.
In a bid to enhance its liquidity and restore its steadiness sheet, Steward is pursuing a number of strategic transactions, together with the potential sale or re-tenanting of sure hospital operations in addition to the divestiture of non-core operations.
Medical Properties Belief (MPW) short interest is 26%.