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<<DOJ enters the chat>> https://t.co/IEMjD1Clzp $SAVA
This is exactly what we said from the beginning - an enormous scam on the HC system and an asset stripping exercise. @Steward $MPW https://t.co/ngphV8pxLM
Amazing that all the securities lawyers see it. $MPW - Well just believe "our" statements because they are packed with lies & fraud. https://t.co/cSYA6cHZCF
Medical Properties Trust (MPW) is under scrutiny for its financial dealings with Steward Health Care. Over the period from May 12, 2023, to April 12, 2024, MPW injected $225 million into Steward, while Steward paid MPW $239 million in rent and other payments. Allegations have surfaced suggesting that these transactions may constitute round-tripping, a practice where money is circulated between entities to inflate financial statements. Additionally, there are concerns about potential fraud and asset stripping within the healthcare system. The Department of Justice (DOJ) has been involved in investigating these matters.