Steward Health Approved to Take On New Loan to Finance Clawback Litigation

A Houston bankruptcy judge has approved a settlement between Steward Health Care and its top-tier lenders permitting the company to take on an additional $127 million loan from the lenders to fund litigation against former insiders of the hospital chain. The decision overruled objections that the new loan would award the bulk of the litigation recoveries to the lenders.

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