Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Medical Properties Trust, Inc. (NYSE: MPW) resulting from allegations that Medical Properties may have issued materially misleading business information to the investing public.
If you purchased Medical Properties securities and would like to join the prospective action, please click “Join This Class Action.”
On February 23, 2023, Medical Properties announced its fourth quarter and full year 2022 financial results. Among other items, the Company disclosed an impairment of approximately $171 million on four properties leased to Prospect Medical Holdings and announced a plan to write off about $112 million in unbilled rent from the same client.
On this news, Medical Properties’ stock price fell $1.06 per share, or 8.69%, to close at $11.14 per share on February 23, 2023.
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