Bankruptcy at Dallas-based Steward Health leaves hole in hospital world

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Bankruptcy at Dallas-based Steward Health leaves hole in hospital world
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Christina Hernon was saved by a doctor at a local hospital when she was 5. Now she's an emergency physician at one of two Massachusetts hospitals that are due...

Steward CEO Ralph de la Torre has been criticized for extracting more than $100 million from the company before it filed for bankruptcy in May.AYER, Mass. — When Christina Hernon was 5, her throat swelled shut from an infection and her mother rushed her to ain the dead of night. She couldn’t breathe, suffered a seizure and was near death when a doctor saved her by inserting a tube down her throat. on Saturday.

The lawsuit claims de la Torre used ill-gotten gains to fund a lavish lifestyle, including buying two luxury yachts worth more than $65 million. In recent weeks, as Hernon and other staff fought to keep their hospitals open, de la Torre and his family were A spokesperson for de la Torre said that under the terms of the bankruptcy, he doesn’t have the authority to make decisions on which hospitals are sold or closed.

Steward’s Chapter 11 bankruptcy filing in Texas details how the company ended up with $9.2 billion in debt and liabilities. De la Torre has previously argued his company purchased many struggling hospitals that may not have otherwise survived.“With him getting away scot-free, being in France, doing whatever he needs to do, having his yachts, his planes, and not having to answer?” asked Michael Santos, who works security at the Nashoba Valley hospital.

“I’m pleased to say we’re closing the book on Steward once and for all in Massachusetts,” Healey said at a news conference announcing the deals. “Good riddance and goodbye.”

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