X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

StoneBridge Healthcare has been created by a composite finance group to buy and save distressed hospitals in the US.

Funded by a group composed of debt and equity sources including Medical Properties Trust and Oaktree Capital Management, the new company’s goal is to turn around distressed hospitals facing financial crisis after the coronavirus pandemic. Medical Properties Trust is a $20 billion real estate investment trust that owns almost 400 acute care hospitals and Oaktree Capital is a global investment manager specializing in alternative investments with $120 billion in assets. These companies can provide Stonebridge with the cash needed via a rescue financing program and restructure the hospital prior to closing.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Pearl Wu

Pearl Wu is the editorial Recognition Desk Manager at ALM Media.

More from this author

 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2022 ALM Global, LLC. All Rights Reserved.