Georgie on for Vikram Malhotra's questions to Medical Properties Trust Inc (MPW) leadership • Q2 2025
Question
Representing Mizuho Financial Group, Georgie asked if MPW had provided additional loans to HSA and whether HSA's EBITDA currently covers its cash rent. She also requested an update on the tenant with below 1x coverage, identified as the Columbia assets, and the outlook for its performance.
Answer
Chairman, President & CEO Edward Aldag confirmed a $5 million loan was made to HSA in May to resolve issues with Steward and stated that HSA is not yet covering its full cash rent. Regarding the Columbia assets, he explained that while the hospitals are operationally strong and full, they face a country-wide reimbursement collection issue. He expressed confidence this would be resolved, potentially by the May 2026 election.