facebook
Traded Co logo
Submit a Deal
140 Lincoln Avenue
FINANCED

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

140 Lincoln Avenue

Hospital
clock iconFinanced 39 days ago
the dealplayerscompscontact
share iconContact now

Summary

Loan
MASSACHUSETTS
Hospital

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.

Details

Deal Summary
minus icon
FINANCED
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.

View on map

Loading...

Address140 Lincoln Avenue

Comparables

No listingsThis user does not have deals with the selected filters yet.
Reset filters to show results.