Norwood Hospital

Medical Properties Trust Provides Update on Steward Health Care

Retrieved on: 
Thursday, January 4, 2024
Health, Hospitals, Commercial Building & Real Estate, Construction & Property, General Health, REIT, MPW, Partnership, Norwood Hospital, Sale, LLP, Medical Properties Trust, Steward Health Care System, MPT, Partial, ABL, Investment, GAAP

Medical Properties Trust, Inc. (the “Company” or “MPT”) (NYSE: MPW) today announced plans to accelerate its efforts to recover uncollected rents and outstanding loan obligations from Steward Health Care System (“Steward”) and related processes designed to significantly reduce its exposure to Steward.

Key Points: 
  • Medical Properties Trust, Inc. (the “Company” or “MPT”) (NYSE: MPW) today announced plans to accelerate its efforts to recover uncollected rents and outstanding loan obligations from Steward Health Care System (“Steward”) and related processes designed to significantly reduce its exposure to Steward.
  • As disclosed in the Company’s third quarter 2023 Form 10-Q, Steward delayed paying a portion of its September and October rent to MPT.
  • There can be no assurance that Steward will successfully execute its plans or that the Company will recover all of its deferred rent and loans outstanding to Steward.
  • Furthermore, MPT routinely evaluates for indications of impairments to its real estate and other investments, including those related to Steward.

Huntington Hospital Earns Blue Distinction® Center Designation for Quality in Knee and Hip Replacement Surgeries

Retrieved on: 
Tuesday, February 18, 2020
Huntington Hospital, Keck School of Medicine of USC, Prosthetics, Hip replacement, Tenet Healthcare, Los Angeles County, California, Norwood Hospital

PASADENA, Calif., Feb. 18, 2020 /PRNewswire/ --Blue Shield of California has selected Huntington Hospital as a Blue Distinction Center for Knee and Hip Replacement, part of the Blue Distinction Specialty Care program.

Key Points: 
  • PASADENA, Calif., Feb. 18, 2020 /PRNewswire/ --Blue Shield of California has selected Huntington Hospital as a Blue Distinction Center for Knee and Hip Replacement, part of the Blue Distinction Specialty Care program.
  • Facilities designated as Blue Distinction Centers for Knee and Hip Replacement demonstrate expertise in total knee and total hip replacement surgeries, resulting in fewer patient complications and readmissions.
  • "Huntington Hospital is proud to be recognized by Blue Shield of California for meeting the strict criteria for knee and hip replacements set by the Blue Distinction Specialty Care program," said Todd Dietrick, MD, medical director, joint replacement program, Huntington Hospital.
  • "Blue Shield of California congratulates Huntington Hospital on their Blue Distinction designation for knee and hip replacement procedures.

Massachusetts Nurses Association Members Ratify New Contracts at Four Steward Health Care Hospitals

Retrieved on: 
Tuesday, July 17, 2018
Health, Nursing credentials and certifications, Nursing, Carney Hospital, Registered nurse, Norwood Hospital

CANTON, Mass., July 17, 2018 /PRNewswire-USNewswire/ --Members of the Massachusetts Nurses Association (MNA) at four Steward Health Care hospitals -- Carney Hospital in Dorchester, Good Samaritan Medical Center in Brockton, Norwood Hospital and St. Elizabeth's Medical Center in Brighton -- have ratified new contract settlements which will run through December 31, 2022.

Key Points: 
  • CANTON, Mass., July 17, 2018 /PRNewswire-USNewswire/ --Members of the Massachusetts Nurses Association (MNA) at four Steward Health Care hospitals -- Carney Hospital in Dorchester, Good Samaritan Medical Center in Brockton, Norwood Hospital and St. Elizabeth's Medical Center in Brighton -- have ratified new contract settlements which will run through December 31, 2022.
  • The agreements cover some 1,700 RNs, social workers, nurse practitioners, lab scientists, physical therapists, pharmacists and other healthcare professionals who are members of the MNA.
  • Highlights of the agreements include:
    Safe Patient Care Improvements: At Carney Hospital management will not assign a charge nurse precepting duties (training new nurses) during the shift.
  • Founded in 1903, the Massachusetts Nurses Association is the largest union of registered nurses in the Commonwealth of Massachusetts.