US Healthcare Landlord Medical Properties Trust's Largest Tenant Steward Health Goes Bankrupt, Sparks Regulatory Concerns

Medical Properties Trust Inc., a major U.S. healthcare landlord, faces financial risks as its largest tenant, Steward Health Care, files for Chapter 11 bankruptcy. This has caused regulatory concerns due to Steward Health's significant role in healthcare across eight states, operating 30 hospitals and serving 2.2 million patients annually.

The bankruptcy lacks secured financing, leading Steward to negotiate a potential $300 million loan from Medical Properties Trust to maintain operations. State regulators are actively looking for new owners for Steward hospitals in Massachusetts to ensure continued healthcare services, highlighting the tension between creditor interests and regulatory goals in the bankruptcy proceedings.