Medical Properties Trust revealed that a bankruptcy court approved Pipeline Health's assumption of the master lease. As a result of the court's approval, MPW will receive all the rent accrued through the first half of 2023.
MPW will also fund an additional behavioral facilitty within the Coast Plaza Hospital. It will earn rent at the lease rate once completed.
MPW's top tenant, Steward Health Care System is showing signs of producing sustainable free cash flow while improving it's operational plans.
Dividend is looking more sustainable.