In a bid to buy, save and turn around deeply distressed hospitals in U.S. cities and suburbs, a new entity, StoneBridge Healthcare LLC, was formed by top hospital finance experts with backing from major financiers including Howard Marks’ Oaktree Capital Management.
Oaktree of course made headlines earlier this year with its blockbuster distressed debt capital raise of $15 billion and since then investor capital has flocked to the space.
Marks in his latest memo highlighting the impact . . .
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