From Wall Street Journal:

Medical Properties Trust, the largest hospital landlord in the US, announced it will record $350 million in write-downs due to its largest tenant falling behind on rent. The company also hired a restructuring adviser. MPT had been a supporter of Dallas-based Steward Health Care System, but stated that more write-downs are possible. The news, released after the market closed on Thursday, caused MPT shares to drop nearly 30% in early trading on Friday. The stock has fallen by 70% over the past year. (Source: The Wall Street Journal)



Read more: Nation’s Biggest Hospital Landlord Suffers New Losses