Steward Health Care files for Chapter 11 bankruptcy
CBSMAY 14 2024
A bipartisan group of US senators have subpoenaed Steward Health Care Chief Executive Officer (CEO) Ralph de la Torre, demanding he testify before the Senate Committee on Healthcare, Education, Labor and Pensions on Sept. 12.
At question are how de la Torre and his company were able to accumulate incredible wealth — including de la Torre's personal $40M yacht and $15M fishing boat as well as two company jets — while the hospitals owned by Steward went bankrupt.
It was reported earlier this month that the US Attorney's office in Boston, Massachusetts was investigating the company for fraud and violations of the Foreign Corrupt Practices Act.