A Senate committee has voted to authorize an investigation into the bankruptcy of Steward Health Care and to subpoena the company’s CEO.
FILE - The sign for Norwood Hospital, a Steward Health Care hospital, is seen, June 29, 2020, in Norwood, Mass. Senate committee voted Thursday, July 25, 2024, to authorize an investigation into the bankruptcy of Steward Health Care and to subpoena the companys CEO, Dr. Ralph de la Torre. – A Senate committee voted Thursday to authorize an investigation into the bankruptcy of Steward Health Care and to subpoena the company’s CEO, Dr. Ralph de la Torre.
“Perhaps more than anyone else in America, a dubious distinction no doubt, Ralph de la Torre, CEO of Steward Health Care, epitomizes the type of outrageous corporate greed that is permeating throughout our for-profit health care system,” Sanders said. As a result, Sanders said Steward and the 30 hospitals it operates in eight states were forced to declare bankruptcy with $9 billion in debt.“We understand the desire for increased transparency around our journey and path forward,” the company said.
The Dallas-based company has said it does not expect any interruptions during the bankruptcy process in its hospitals’ day-to-day operations, which the company said will continue in the ordinary course throughout the Chapter 11 process.
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