The Steward situation is batsh*t crazy

Cloud 9fin

From a colony of bats plaguing one of its hospitals in Florida to an alleged connection to money laundering in Malta, Steward Health‘s descent into bankruptcy is anything but ordinary.

In this week’s episode of Cloud 9fin, global head of distressed debt reporting Max Frumes and deputy distressed editor Rachel Butt walk through the lead-up to Steward’s bankruptcy filing and the many challenges that the company, its management and its landlord — and lender — Medical Properties Trust will have to navigate as the situation plays out.