NEW YORK, March 06, 2023 (GLOBE NEWSWIRE) — The law firm of Kirby McInerney LLP is investigating potential claims against Medical Properties Trust, Inc. (“Medical Properties” or the “Company”) (NYSE: MPW). The investigation concerns whether Medical Properties and/or certain of its officers have violated the federal securities laws and/or engaged in other unlawful business practices.
Medical Properties is a self-advised real estate investment trust formed to acquire and develop net-leased healthcare facilities.
On February 23, 2023, for fourth quarter and full year 2022, MPW disclosed an impairment of about $171 million on four properties leased to Prospect Medical Holdings as well as a write off of about $112 million in unbilled rent for the same client. On this news, the price of Medical Properties shares declined by $1.06 per share, or approximately 8.69%, from $12.20 per share to close at $11.14 on February 23, 2023.
If you purchased or otherwise acquired Medical Properties securities, have information, or would like to learn more about this investigation, please contact Thomas W. Elrod of Kirby McInerney LLP by email at [email protected], or by filling out this contact form, to discuss your rights or interests with respect to these matters without any cost to you.
Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP’s website: http://www.kmllp.com.
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Kirby McInerney LLP
Thomas W. Elrod, Esq.