Meditrust Gleans $138 Million in Health-Care Asset Sales, Mortgage Payoffs; La Quinta Reaps the Benefits

DALLAS-Meditrust Cos., headquartered in Needham, MA, has completed asset sales and mortgage repayments of $138 million since the end of the second quarter, taking its year-to-date total to $459 million in an ongoing strategy to beef up its Dallas-based La Quinta lodging subsidary. The health-care bailout is blamed in part on the federal government.

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