The US Justice Department blocks request by Medical Properties Trust to bail-out Steward Healthcare

Medical Properties Trust, the actual company that owns and controls Steward Healthcare in the US through a number of hidden layered companies has made a rather bizarre attempt to pull Steward out from bankruptcy by providing it with a new $300 million loan along with a plan to sell some of its assets in the US. The US Justice Department has blocked the request citing that this would not conform with the rights of its debtors who need to be paid. Viceroy Research has uploaded the court document on their website.

So far there have been no claims made by the Maltese government in the US courts to recoup its losses from the fraudulent deals by Steward.

Mark Camilleri

Website Editor
Historian and Publisher