October 11, 2024 – On October 8, 2024, Viceroy’s counsel received a letter from Trumbull County Commissioner, Niki Frenchko, requesting the release of Medical Properties Trust (MPT/MPW)’s discovery information in the public interest of their community. We have attached the letter to this report.
The letter also details what appears to be a racketeering scheme orchestrated by MPW, whereby MPW appear to be covertly hiring lobbyists, attorneys, and healthcare executives, and threatening to shut down it own hospitals, in order to draw (more) money from taxpayers.
The MPW playbook has been to prop up operators in service of its inflated asset values. When those operators inevitably fail, they are replaced with a new batch of disgraced, MPW-funded fronts, whose only purpose is to preserve the fake value of MPW’s property.
Behind closed doors the Warren City Hospital group was represented by a group consistently advocating for MPW’s benefit. After Warren County officials called out this charade, Insight Health was installed as the operator despite their ineligibility as a bidder for these operations in the Steward bankruptcy.
The requested discovery information from the commissioner is confidential under a protective order. Viceroy cannot release information to the county without MPW’s consent or the court’s approval.