Prospect Medical Holdings Sale-Leaseback Deal with Medical Properties Trust
Sector: Residential • Location: United States
Source: Organized Crime and Corruption Reporting Project | OCCRP
Prospect Medical Holdings, a U.S. hospital operator, entered into a sale-leaseback deal with Medical Properties Trust (MPT), a real-estate investment trust. MPT purchased 16 hospital properties from Prospect for $1.55 billion, an inflated price compared to Prospect's own valuation, and leased them back to Prospect under onerous rent terms. The deal was structured more as a recapitalization providi
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Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | completed |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
Contact name | Obfuscated Data |
Phone | 0000000000 |
ObfuscatedData@email.com | |
Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | Prospect Medical Holdings, a U.S. hospital operator, entered into a sale-leaseback deal with Medical Properties Trust (MPT), a real-estate investment trust. MPT purchased 16 hospital properties from Prospect for $1.55 billion, an inflated price compared to Prospect's own valuation, and leased them back to Prospect under onerous rent terms. The deal was structured more as a recapitalization providing operational cash to Prospect, which was heavily in debt and nearing bankruptcy. The high rents contributed to Prospect's financial collapse and eventual bankruptcy filing in January 2025. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
Budget | 000000000000000 |
Location
Region | Obfuscated |
Country | Obfuscated |
State | Obfuscated Data |
County | Obfuscated |
Location | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
Project Type | Obfuscated Data |
Article Published Date | Obfuscated Data |