$MPW (+0.24%) Hello everyone, there was good news from MPW today. After the rather sobering figures and the very tight earnings call yesterday - the biggest concern was probably the lack of rents from Prospekt, the next shaky candidate among MPW's tenants - there was top news today: Astrana Health has signed a binding purchase agreement for a large part of the PHP managed care platform. 745 million dollars in total, of which 200 will go to MPW and around 500 will presumably benefit prospects. The implications are, besides the foreseeable cash windfall for MPW, a stabilization of prospect (possibly also the payment of back rent to MPW in the near future) as well as a strengthening of prospect in its current legal dispute with Yale. Yale has already agreed to buy the remaining php shares and has been refusing to pay the full price for some time. A court decision could come as early as December and now with astrana's acquisition of the remaining shares, has some momentum for prospects who can point to willing market participants at around current prices. For MPW, some of the weakest tenants (steward/prospect) are thus stabilized or out and the company expects at least 50% of the rents from the former steward portfolio from 2025. In 2026 (with full rent from the former Steward), the current RE portfolio will generate around one billion in rent per year (stated in the earnings call), after which MPW can start expanding the portfolio again. The positive outlook is apparently shared: MPW has recently announced two major investors who have each bought 5% of the shares and have declared no intentions to influence the company. MPW is and remains not for the faint-hearted, but I am looking forward to a good recovery here.