Tag: bankruptcy
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Still no claims by the Maltese Government against Steward Health Care in the US Courts
As outlined in the article describing the performance of Health Minister Joe Etienne Abela, we also highlighted that the Health Minister is not pursuing any action against Steward Health Care in the US Courts. Prime Minister Robert Abela claimed last year that the government will be pursuing Steward Health Care in the US Courts in…
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The Government of Malta has still not made any submission, claim or protest against Steward Health Care in the US Courts
Latest documents submitted to the bankruptcy Court by Kroll Restructuring Administration on Steward Health Care, which is now undergoing bankruptcy proceedings in a US Court, state that so far, the Government of Malta has made no submission, protest or claim in the US Courts against Steward Health Care. The bankruptcy court will be taking important…
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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…
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Steward Health Care files for bankruptcy
Steward Health Care in the US has 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 agent. Updated with bankruptcy filings. More updates will be uploaded soon. Mark CamilleriWebsite Editor Historian and Publisher
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Once Steward goes bankrupt the government will find it more difficult to recoup its investment
The Maltese government pretended it was fighting Steward Health Care in an international tribunal in a process to recoup its lost proceeds from the fraudulent contracts signed with it. This was a humiliation against our national interest as Robert Abela kept doing his best to put a lid on the consequences of the court sentences…
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Steward Health Care to file for bankruptcy
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…