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The Maltese Herald

Steward Health Care to file for bankruptcy

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by

Mark Camilleri
in

Steward Health Care is reported to be soon filing for Chapter 9 Bankruptcy in a US Court. Steward, which is heavily indebted and has a host of various companies in different countries, was also contracted via Steward Malta in a fraudulent and corrupt deal to run Malta’s public hospitals. It is the largest tenant of Medical Properties Trust which Viceroy Research and short-sellers accused of being related, run by the same people, and involved in a fraudulent and leveraged real-estate scheme for personal enrichment. The stock price of Medical Properties Trust is at all-time lows.

The Chief Risk Officer of Bank of Valletta had to resign due to an irregular €36 million loan to Steward Malta on which it has defaulted.

Comments

  1. najxumandrist avatar
    najxumandrist

    L-400 miljun lira fuq lira se ngibuhom lura mela!

    Reply
  2. Once Steward goes bankrupt the government will find it more difficult to recoup its investment – Mark Camilleri avatar
    Once Steward goes bankrupt the government will find it more difficult to recoup its investment – Mark Camilleri

    […] those who were involved in Steward’s sleaze and corruption it is in their interest to see the company go into bankruptcy.? As the company goes under the control of a court-appointed administration and its assets […]

    Reply
  3. The Securities Exchange Commission is forcing Medical Properties Trust to disclose details of the financials of Steward Health Care – Mark Camilleri avatar
    The Securities Exchange Commission is forcing Medical Properties Trust to disclose details of the financials of Steward Health Care – Mark Camilleri

    […] a deal to sell its doctors’ network to Optum, another health services company, on the back of other reports that Steward is preparing to file for bankruptcy in the US. Short-sellers Viceroy Research have […]

    Reply
  4. Steward Health Care files for bankruptcy – Mark Camilleri avatar
    Steward Health Care files for bankruptcy – Mark Camilleri

    […] filed for bankruptcy earlier this morning. The story that Steward was to file for bankruptcy was broken out first by 9Fin weeks ago. Kroll will be servicing as the company’s claims […]

    Reply

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