BOSTON (AP) — A Senate committee voted Thursday to authorize an investigation into the bankruptcy of Steward Health Care and to subpoena the company’s
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 company’s CEO, Dr. Ralph de la Torre. BOSTON — 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.
In May, Steward said it planned to sell off all its hospitals after announcing that it had filed for bankruptcy protection. Sanders said de la Torre became “obscenely wealthy” by loading up hospitals from Massachusetts to Arizona with billions of dollars in debt and selling the land underneath the hospitals to real estate executives who charged unsustainably high rents.
On Tuesday, Healey said the state is evaluating bids for the hospitals owned by Steward in Massachusetts.“This is not taking over a widget company. This is not taking over a coffee company. This is where they take over hospitals and they apply the very same standards to those hospitals which they would apply to a widget company,” Markey said.
Steward’s eight hospitals in Massachusetts include St. Elizabeth’s Hospital and Carney Hospital, both in Boston. It filed for protection in the U.S. Bankruptcy Court for the Southern District of Texas.
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