The financial details underscore the alarming situation at Steward Health Care System, where the CEO received over $250 million in payouts amidst severe hospital financial crises.
Critics, including Senate members, accuse CEO Ralph de la Torre of depleting hospital assets, burdening them with debt, and enriching himself while patient care deteriorated.
Under de la Torre's management, Steward made questionable financial decisions, such as hiring his consulting firm at $30 million a year, raising ethical concerns about conflict of interest.
In 2021, despite significant financial strain due to COVID-19, Steward distributed $111 million to shareholders, enabling de la Torre's extravagant purchase of a $40 million yacht.
#steward-health-care #ralph-de-la-torre #hospital-management #chapter-11-bankruptcy #health-care-financial-crisis
Collection
[
|
...
]