Steward Health Care has announced a national expansion plan, with a $1.25 billion investment from a real estate investment trust based in Alabama.
The for-profit hospital chain, which is owned by Cerberus Capital Management, calls for Steward to sell and lease back real estate for nine of the health care system’s acute care hospitals for $1.2 billion to Medical Properties Trust (NYSE: MPW). It also includes a $50 million equity investment in Steward, and another $100 million the hospital will…
Steward Health Care has announced a national expansion plan, with a $1.25 billion investment from a real estate investment trust based in Alabama.
The for-profit hospital chain, which is owned by Cerberus Capital Management, calls for Steward to sell and lease back real estate for nine of the health care system’s acute care hospitals for $1.2 billion to Medical Properties Trust (NYSE: MPW). It also includes a $50 million equity investment in Steward, and another $100 million the hospital will…