The agreement in principle aims to resolve disputes over unpaid rent, allowing the hospitals to remain operational under new interim management while both parties cease claims against each other.
Steward’s attorney expressed optimism about the proposed settlement, emphasizing that it is crucial for the company’s reorganization efforts under Chapter 11, contributing to the stability of hospital operations.
The plan would allow a partnership with other health companies to temporarily run the hospitals while Medical Properties Trust seeks to resolve financial disputes with Steward.
As part of the tentative settlement, Steward and Medical Properties Trust agree to halt all claims against each other, focusing on keeping hospitals open and operational.
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