The Thomasville Regional Medical Center faces foreclosure and could be sold at auction on May 9, unless a deal to transfer it to new owners goes through, according to court filings and Thomasville Mayor Sheldon Day.
Medical Properties Trust Inc. sold a 75% interest in five Utah hospitals to an unnamed investment fund for $886 million. MPT retains a 25% interest in the venture.
Cerberus Capital Management, which more than a decade ago snapped up the Massachusetts hospital system that became Steward Health Care, confirmed that its investment yielded a profit of about $800 million.