Massachusetts Is Trying to Prevent REITs from Owning Hospitals

The collapse of Steward Health Care System has Massachusetts lawmakers pointing fingers at the hospital operator’s landlord and other companies like it. Real estate experts say their proposed fixes miss the mark. A sweeping health-care oversight bill that passed the state House of Representatives with almost unanimous support includes a provision that would ban hospitals from leasing their main campuses from real estate investment trusts, known as REITs. Other types of landlords would still be allowed to own hospitals and existing leases with REITs can continue. The crackdown would be among the first of its kind in the US.

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Source: https://www.bloomberg.com/news/articles/2024-06-24/massachusetts-is-trying-to-prevent-reits-from-owning-hospitals

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