Medical Properties Trust, Inc.
Investors that purchased the Company’s securities and have suffered a loss, please fill in transaction information below, or email to email@example.com.
There is no cost or obligation associated with submitting your information. If you are a shareholder who suffered a loss, please submit your contact information and purchase information to participate in the putative class action.
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Portnoy Law Firm
Lesley F. Portnoy, Esq.,
1800 Century Park East, Suite 600
Los Angeles, CA 90067
The inquiry centers on whether the Company made inaccurate or deceptive statements or omitted material information that would have been important to investors. On February 23, 2023, Medical Properties Trust publicized its financial results for the fourth quarter and full year of 2022. The Company acknowledged a loss of approximately $171 million on four properties rented to Prospect Medical Holdings and declared a proposal to eliminate approximately $112 million in rent that had not yet been billed by the same client. Concerns have been raised by research reports regarding the sustainability of some of the Company’s major clients, including Prospect Medical Holdings. As a result of this news, Medical Properties Trust’s stock fell more than 8% on the same day.