Medical Properties Trust announced the sale of the majority stake in five Utah hospitals for $886 million, leading to a surge in its shares by over 10%. The company retained about 25% interest in the joint venture formed with an unidentified investment fund. Despite the positive news, concerns about potential bad news and accusations of fraud have emerged, with allegations of a Ponzi scheme harming Steward-owned hospitals.
Doesn't take much to spot the fraud at $MPW. @SenWarren & @SenMarkey call it for what it is, "these investments have all the appearances of a Ponzi scheme that is continuing to harm Steward-owned hospitals." to avoid devaluing MPW's real estate. https://t.co/5JWS24evBR https://t.co/fZa48m7l8Q
Medical Properties Trust $MPW surges 17%! Utah hospital sale fuels the rally. Could a short squeeze be next? Watch for a possible breakout if it holds above $5. @jonnajarian @petenajarian on Rebel's Edge 🏴☠️1pm #REITs #hospitals #dividends #itsnotanoption #shortsqueeze #UNDER5 https://t.co/vZ0PMpYqmn
$MPW no doubt has bad news on the way. The timing of the pump was even noticed by those sceptical of the bankruptcy thesis. They either needed to finance the DIP for Steward or tried to offset the bad news of bankruptcy. Either way, again, it's all caveated. https://t.co/eHHMsvYvth
Medical Properties Trust $MPW up pre-market after saying it sold interests in five Utah hospitals to a newly formed joint venture with an unidentified investment fund. But the REIT's problems aren't over... -Medical Properties retained about 25% interest in the JV and the fund…
$MPW up 31% from friday news MEDICAL PROPERTIES SELLS MAJORITY INTEREST IN UTAH HOSPITALS
$MPW (+19.5% pre) Medical Properties Trust shares rally on Utah hospital deal - MW https://t.co/om4O2cCau0
Medical Properties Trust shares rally on Utah hospital deal https://t.co/7Ww4sTkxtE
Medical Properties sells majority stake in five Utah hospitals https://t.co/amX5bgOM4u https://t.co/4pz3yoWZFP
Medical Properties Trust said on Friday it would sell majority of its stake in five Utah hospitals for $886 million, sending its shares up more than 10% in extended trading. https://t.co/7FZbkwePzw https://t.co/7FZbkwePzw
Pay attention to this... $MPW. https://t.co/ZMim3PSlvq