Report: Three Valley Steward hospitals worth $116M

YOUNGSTOWN - The three Steward Health Care hospitals in the Valley are worth a total of $116 million, according to the landlord that collects the rent.
That’s according to data included in the Annual Report published Thursday by Medical Properties Trust.
The report states that since the land and building were acquired in 2017, Medical Properties has made nearly $10.5 million in improvements at Trumbull Regional Medical Center in Warren, bringing the total value of the property to $63,465,000.
Hillside Rehabilitation Hospital in Howland is valued at $29,022,000 following $1.7 million spent on improvements since Medical Properties purchased the property nearly seven years ago.
After investments of $8.5 million for improvements, Medical Properties claims the value of Sharon Regional Medical Center is currently $23,758,000.
As the top tenant of Medical Properties Trust, Steward Health’s facilities across the country are valued at a total of $3.5 billion,
Earlier this year, Medical Properties Trust announced that Steward was $50 million behind on rent payments after making only partial payments for its U.S. facilities.
Since then, Steward has told Medical Properties that it hopes to increase rent payments with the help of $150 million in loans recently announced.
Trumbull County Commissioner, Denny Malloy told 21 News reporter Leslie Huff, that Steward Health is exploring the possibility of a buyout by another hospital system.