Medical Properties Trust, Inc.
Medical Properties Trust, Inc. in Settlement of Litigation
Published in Hospital Law Weekly, December 3rd, 2009
Medical Properties Trust, Inc. ("MPT") (NYSE: MPW) announced that it has reached agreement to settle all of the claims asserted by Stealth, L.P. in previously disclosed litigation concerning the termination of leases of the Houston Town and Country Hospital and medical office building in October 2006, with the exception of a single contract claim for which Memorial Hermann Healthcare System has agreed to provide indemnification. Claims separately asserted against MPT by six of Stealth L.P.'s limited partners are not affected by the settlement.
"Stealth, L.P. was seeking approximately $330 million for tort claims that we have now settled for a single payment of $1.7...
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Source: Hospital Law Weekly (2009-12-03)
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