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Stock impact report

Medical Properties Trust's tenant Steward to sell doctor network to UnitedHealth - report [Seeking Alpha]

Medical Properties Trust, Inc. common stock (MPW) 
Last medical properties trust, inc. common stock earnings: 4/29 06:30 pm Check Earnings Report
US:NYSE Investor Relations: medicalpropertiestrust.com
Company Research Source: Seeking Alpha
to offload its physician network to UnitedHealth's ( NYSE: UNH ) Optum Care arm, according to a media report dated Wednesday. The proposed sale of the managed care business, called Stewardship Health, aligns with Steward's effort to strengthen its national network of 33 hospitals following financial setbacks last year, which resulted in overdue bills and rents. The move would be a "positive step to help the health system resolve its immediate financial issues," RBC Capital Markets analyst Michael Carroll wrote in a note to clients. Early this year, Medical Properties Trust ( MPW ) said proceeds from the aforementioned sale would enable Steward to repay all outstanding obligations to MPW. Collaborative Care Holdings, a subsidiary of UnitedHealth's ( UNH ) Optum, disclosed the pending sale in a notice filing on Tuesday with the Massachusetts Health Policy Commission, The Boston Globe reported. The document did not include a price tag. The HPC will have a 30-day window followin Show less Read more
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