3 unchanged sentences
Additional risks and uncertainties not currently known to management or that management currently deems immaterial also may materially adversely affect the Company’s business, financial condition, operating results or cash flows.
−Removed: Risk Factors Relating to the Company
−Removed: Operational Risks
−Removed: The Company's results of operations have been and will continue to be impacted by the Steward Health bankruptcy.
−Removed: As previously disclosed, on May 6, 2024, Steward Health announced that it had filed petitions for relief under Chapter 11 of the U.S.
−Removed: Bankruptcy Code in the U.S.
−Removed: Bankruptcy Court for the Southern District of Texas.
−Removed: Prior to the bankruptcy filing, Steward leased approximately 593,000 square feet of space from the Company, accounting for approximately 2.0% of the Company’s rental revenue.
−Removed: Leases for six buildings in Massachusetts totaling approximately 244,000 square feet were assumed in connection with the sale of Steward’s Massachusetts hospitals on or about September 30, 2024.
−Removed: In October 2024, the Company received $2.2 million for prior rent owed under these assumed leases.
−Removed: On October 25, 2024, leases for approximately 232,000 square feet in buildings in Florida and Massachusetts were rejected by Steward effective as of October 31, 2024, bringing the total leases rejected to 266,000 square feet.
−Removed: The total base rent associated with the leases rejected is approximately $0.6 million per month and the Company expects to cover operating expenses of an additional $0.2 million per month.
−Removed: There can be no assurances that the Company will be able to re-let this leased space.
−Removed: The remaining Steward leases for approximately 83,000 square feet are subject to continuing discussions with Steward and its hospital purchaser.
−Removed: While the Company remains actively engaged in these discussions, significant uncertainty remains around whether these leases will be assumed or rejected.
−Removed: The Company will pursue claims for outstanding rent of $2.8 million against Steward in the bankruptcy court.
−Removed: However, there can be no assurance that the Company will recover unpaid rent from Steward.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.