Medical Properties Trust (MPW) announced a global settlement with Steward Health Care System and its creditors, which allows MPT to regain control over 15 hospitals and transition their operations to four new quality operators. The agreement ends MPT’s relationship with Steward and ensures that the hospitals remain operational under new management in states such as Arizona, Florida, and Texas. The new operators are expected to stabilize hospital operations by 2026, and MPW will start receiving rental payments in 2025. Additionally, MPT has consented to sell three Florida hospitals to Orlando Health as part of the agreement, which is still pending court and regulatory approvals. MPW’s stock price spiked up 17%+ from the news, but MPW also experienced a selloff shortly after. I still think there can be some upside over the next few days, and I have the light blue resistance line as a key target around $5.85.

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