Steward Health Care System's lawsuit against Medical Property Trust highlights claims of "undermining behavior" that jeopardizes the sale of hospitals in bankruptcy proceedings.
The legal dispute centers on accusations that the landlord siphons value from hospitals, complicating Steward's attempt to sell and alleviate debt while in Chapter 11.
According to Steward, the landlord imposed "daunting requirements" on prospective buyers and interfered in the sales process, violating court-approved rules.
Complications arise as Steward seeks to sell its 31 hospitals, including eight in Florida, where it no longer owns the land, having previously sold it to the landlord.
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