Medical Properties Trust is one of the world’s largest hospital real estate owners and landlord to many of Steward’s 31 hospitals. In November, MPT shared plans to drop Steward, which sought Chapter 11 protection May 6, from its portfolio once the for-profit system had offloaded the remainder of its hospitals.
In a memo from Sharon Regional President Bob Rogalski, obtained by WKBN, he shared that Tenor Health Partners CEO Radha Savitala confirmed an agreement had been reached between Tenor Health and MPT.
“I can’t thank you enough for hanging in there with us during these difficult times,” Mr. Rogalski said. “I await more detail and will give you more information as soon as I receive it.”
Steward received approval from U.S. Bankruptcy Court Judge Christopher Lopez on Dec. 27 to close Sharon Regional, after it had filed a Dec. 16 closure notice and two WARN notices for 848 employees.
Becker’s has reached out to Steward, Tenor Health Partners and MPT for comment and will update this story should more information become available.
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