Dallas-based Steward Health Care Chief Executive Officer Ralph de La Torre has informed senators he won’t participate in an upcoming hearing probing the...
FILE - Sen. Bernie Sanders, I-Vt., left, speaks during a news conference on Senate Health, Education, Labor and Pensions Committee's subpoenas of pharmaceutical company representatives to discuss drug prices, Thursday, Jan. 25, 2024, at the Capitol as Sen. Edward Markey, D-Mass., right, listens in Washington. Senate committee voted in July to authorize an investigation into the bankruptcy of Steward Health Care and to subpoena the company’s CEO, Dr. Ralph de la Torre.
Lawyers for de la Torre also said in a Wednesday letter to Bernie Sanders, a Vermont independent, that members of the Senate health committee he chairs are attempting to turn an upcoming Sept. 12 hearing “into a pseudo-criminal proceeding in which they use the time, not to gather facts, but to convict Dr. de la Torre in the eyes of public opinion.” The Senate committee in a bipartisan voteand criticized his compensation as chief executive.
Being forced to testify later this month could also jeopardize a recently announced settlement with Steward’s landlord Medical Properties Trust Inc. intended to keep most of its hospitals open, de la Torre’s lawyers said. A federal court order to keep negotiations private also prohibits de La Torre from discussing information that was exchanged in those settlement talks, according to the letter.
The CEO said Steward also prohibited him late last month from testifying about issues related to the bankruptcy. Those matters, including Steward’s debt obligations and financing transactions, have been delegated to an independent board committee, the letter said.The letter said de la Torre needs to respect the ongoing settlement and restructuring process “by remaining silent regarding the reasons for Steward’s bankruptcy.
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