NEW YORK, April 24, 2023 (GLOBE NEWSWIRE) — Pomerantz LLP is investigating claims on behalf of investors from Medical Properties Trust, Inc. (“MPT” or the “Company”) MPW. Those investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, extension 7980.

The investigation concerns whether MPT and certain of its officers and/or directors have engaged in securities fraud or other illegal business practices.

[Click here for information about joining the class action]

On February 23, 2023, MPT announced its fourth quarter and full year 2022 financial results. Among other things, the company announced an impairment of approximately $171 million on four properties leased to Prospect Medical Holdings and announced a plan to write off approximately $112 million of unbilled rent from the same customer.

As a result of this news, MPT’s stock price fell $1.06 per share, or 8.69%, to close at $11.14 per share on February 23, 2023.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris and Tel Aviv, is recognized as one of the leading law firms specializing in corporate, securities and antitrust litigation. Founded by the late Abraham L. Pomerantz, best known as Dean of the Class Bar Association, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues the tradition he founded and fights for the rights of victims of securities fraud, fiduciary breaches and corporate wrongdoing. The firm has recovered numerous multi-million dollar claims on behalf of group members. See www.pomlaw.com.

CONTACT:
Robert S Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980