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Rachel Butt
U.S. Distressed Debt Editor and co‑host of the Cloud 9fin podcast, providing editorial perspective and asking follow‑up questions on distressed credit topics.
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May 9, 2024
• 10min
The Steward situation is batsh*t crazy
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Rachel Butt, Deputy distressed editor at 9fin, uncovers the chaotic saga of Steward Health's bankruptcy. From bizarre bat infestations in Florida hospitals to allegations of money laundering in Malta, the narrative unfolds dramatically. The discussion dives into the complexities of Steward’s unique financial structure, its tangled relationships with creditors, and the political controversies surrounding its management. Listen as Rachel sheds light on the regulatory challenges and the fight to protect jobs and patient care amid financial turmoil.
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