The Malta Independent 18 January 2019, Friday

Government does not interfere in contracts between concessionaire and supply chain – Mizzi

The government does not get involved in contracts signed between a concessionaire and its supply chain, Tourism Minister Konrad Mizzi said. Earlier this week, Deputy Prime Minister Chris Fearne...

latest comment from Maria l-Maws, 17/01/2019 19:56: For €1, Steward Healthcare got a concession worth €70 million per year, or €188,000 per day, from Maltese taxpayers for potentially 99 years and €7 billion in revenue. But others got paid. These payments included €1.4 million to a mysterious Dubai company, and another €1.85 million to a previously undiscovered individual as part of the Steward sale. The real owners – hiding behind companies in Jersey – drained management fees and commissions from the embattled concessionaire VGH before Steward’s takeover. Rather than focusing on delivering on the concession over three public hospitals in Malta, the priorities of VGH’s once-secret owners were to milk the concession and expand to other countries at Maltese taxpayers’ expense. They were using the fact that they got a concession in Malta as a selling point to other governments. They were signing agreements in other countries even as they were negotiating a bail out in Malta. They also focused on expanding into other areas, by funding the €5.14 million take over of medical supplier Technoline, and giving themselves exclusivity of supply. It was not the only deal of its kind. Only two months earlier, they took over another medical supplier – Mtrace plc – for over €2 million. It supplies materials for diagnosis and treatment of cancers, among other diseases. This is not the full picture yet. We do not yet know how much was paid out to the secret owners or to ‘suppliers’ brought on to the gravy train.
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