The El Segundo, Calif.-based healthcare system, which completed the sale of two of its Chicago-area hospitals as part of its bankruptcy proceedings earlier this month, is focusing most of its efforts on Los Angeles healthcare facilities to help it emerge from bankruptcy, MPT said.
Part of the agreement with MPT involves deferring approximately $5.6 million of 2023 cash rent into 2024, when it will be collected with interest. MPT will also earn eventual rent from the addition of a behavioral health facility within Coast Plaza Hospital, a capital project MPT will initially fund.
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
