Bankrupt healthcare network Steward Health won permission to use a $30 million state lifeline for six Massachusetts hospitals after landlord Medical Properties Trust Inc. and Macquarie Asset Management struck a deal with their lender, Apollo Global Management. Apollo will take over the real estate those hospitals lease as part of an agreement in principal with MPT and Macquarie, Steward lawyer David Cohen said during a bankruptcy court hearing Tuesday. MPT and affiliates of Macquarie jointly own a master lease for the hospitals, according to court documents.
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Source: https://www.bloomberg.com/news/articles/2024-08-06/steward-gets-30-million-lifeline-following-apollo-landlord-deal