On June 18, 2024, US hospitals scrapped a $320 million merger deal following a court win by the Federal Trade Commission (FTC). The decision was made after a court of appeals halted the merger, although the court did not provide an explanation for its reasoning. The parties involved have abandoned the merger as expected.
"... the numbers don't add up..." - @Hedgeye for the last ~2.5 years on @Steward $MPW @BostonGlobe No, they do not add up. Btw, where has all the money gone? Why is @Steward burning ~$25mm every 1-1.5 weeks, despite the automatic stay? Link: https://t.co/PabNK4tEeC https://t.co/InZudydHpv
"... the numbers don't add up..." - @Hedgeye for the last ~2.5 years on @Steward $MPW No, they do not add up. Btw, where has all the money gone? Why is @Steward burning ~$25mm every 1-1.5 weeks, despite the automatic stay? Link: https://t.co/PabNK4tEeC https://t.co/88ceec0jg3
No comment needed, just reposting story. $MPW @Steward Link: https://t.co/WMHYmQdo6B https://t.co/5uipgEw8jU
Steward Health Care delays hospital sale proceedings https://t.co/zT5whOb9iz
Two more UCC filings in CA regarding PMH. These are the entities that own the CA OpCos. Also below is the link to Ecapital Healthcare. Anyone wonder how PMH paid the April/May CA rent to $MPW? Recall PMH stopped paying CT rent in 4Q23 and CA in 1Q24, which was also the first… https://t.co/sFbWJ9YcH1 https://t.co/UiTxwjmmBN
Disappointing to see this hospital merger halted by a court of appeals that didn’t bother to explain its reasoning. (The parties have abandoned the merger, as expected.) https://t.co/3RXRXPynty 1/2
US hospitals scrap $320 million deal after FTC court win https://t.co/ayL2HUS7E7 https://t.co/2RrR3pqqRX