Vitals planning to sell hospitals concession - reports

An American hospital company is set to buy the 30-year concession from Vitals Healthcare for the operation of the Gozo, St Luke’s and Karin Grech hospitals, according to media reports.
The new owner describes itself on its website as the largest private hospital operator in the United States, in stark contrast to Vitals, which has no track record in the sector.

Steward Health care operates 36 community hospitals in 10 states, employing approximately 37,000 people, with over 7,300 beds under management, and more than 1.1 million covered lives through the company’s managed care and health insurance services.
Malta Today and Lovinmalta.com said the government was making sure that the new company would abide by all the concession obligations.
The concession with Vitals was signed in March 2016, but has been plagued by controversy since the agreement was signed with Ram Tumuluri, a Pakistani-born businessman who signed the deal on behalf of the Singapore-based shareholders.
The investor group behind Vitals Global Healthcare actually signed a Memorandum of Understanding (MoU) with the government before it  won the tender. The MoU was mentioned in a presentation dated February 2015...