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140 Lincoln Avenue

Steward Health Care Secures $225M Loan For Hospitals Across Country

140 Lincoln Avenue

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The hospital located at 140 Lincoln Avenue in Haverhill, MA, was involved in a significant financial transaction. The landlord, Edward K Aldag Jr of Medical Properties Trust, facilitated a loan amounting to $225,000,000 for the property. The loan was secured by Steward Health Care, assisting in preventing potential bankruptcy for the healthcare organization.

Summary of transation details:

  • Property Type: Hospital
  • Transaction Amount: $225,000,000
  • Market: Haverhill, MA
  • Address: 140 Lincoln Avenue
  • Landlord: Edward K Aldag Jr - Medical Properties Trust

The loan provided a vital financial lifeline to Steward Health Care and its affiliated Massachusetts hospitals, averting a critical situation for the healthcare provider. Edward K Aldag Jr, as the landlord and representative of Medical Properties Trust, played a pivotal role in securing the necessary funds for the hospital's operations.


Deal Summary
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IMAGE: Edward K Aldag Jr DATE: 06/11/2024 ADDRESS: 140 Lincoln Avenue MARKET: Haverhill, MA ASSET TYPE: Hospital LANDLORD: Edward K Aldag Jr - Medical Properties Trust LOAN AMOUNT: $225,000,000 NOTE: Steward Health Care, facing bankruptcy, secured a new $225 million loan just days before potentially running out of funds, providing a lifeline to eight Massachusetts hospitals among others across the country.

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Address140 Lincoln Avenue


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