Medical Properties Trust Inc. (MPT) has responded to the Securities and Exchange Commission (SEC) regarding a pending comment on their Form 10-K for the fiscal year ended December 31, 2022. The SEC's letter, dated January 25, 2024, followed an initial comment on January 9, 2024, requesting the inclusion of audited financial statements from Steward Health Care System LLC for the same period. MPT has reiterated its commitment to file the required financial statements via Form 10-K/A as soon as they are received from Steward. Despite repeated requests to Steward for the audited statements, MPT acknowledges delays and notes that Steward, facing significant financial and operational challenges, is an independent entity not controlled by MPT. MPT has a passive 9.9% interest in Steward and cannot compel...Show More

Medical Properties Trust Inc. (MPT) has responded to the Securities and Exchange Commission (SEC) regarding a pending comment on their Form 10-K for the fiscal year ended December 31, 2022. The SEC's letter, dated January 25, 2024, followed an initial comment on January 9, 2024, requesting the inclusion of audited financial statements from Steward Health Care System LLC for the same period. MPT has reiterated its commitment to file the required financial statements via Form 10-K/A as soon as they are received from Steward. Despite repeated requests to Steward for the audited statements, MPT acknowledges delays and notes that Steward, facing significant financial and operational challenges, is an independent entity not controlled by MPT. MPT has a passive 9.9% interest in Steward and cannot compel the delivery of the financial statements. The company has disclosed efforts to reduce exposure to Steward, with leased and total asset concentration with Steward expected to be below 20% as of December 31, 2023, and to further decline in 2024. MPT's Executive Vice President and CFO, R. Steven Hamner, signed the letter to the SEC, maintaining the company's position on fulfilling its reporting obligations.