After the collapse of Steward Health Care, which led to the closure of two hospitals and the loss of patient lives, Massachusetts has taken a big step. A new law aims to keep private equity out of local healthcare. This isn't about banning private equity, but making sure they can't squeeze money out of hospitals and leave them in ruins. The law is a first in the cou...
There’s a hitch in Norwood Hospital's story. Steward Health Care, after selling six functional hospitals, left Norwood, a suburb closed since 2020, in a tricky spot. Now, it needs a reliable, local, nonprofit hospital operator to take the reins and someone with funds to make that happen. While the future is uncertain, this could be a chance for Massachusetts to rethi...
Ralph de la Torre, the CEO of Steward Health Care, has announced his departure from the company. This move comes after Steward filed for Chapter 11 bankruptcy protection in May. De la Torre was previously the CEO of Caritas Christi Health Care and a cardiac surgeon at Beth Israel Deaconess Medical Center. He was also held in contempt of Congress for refusing to testi...
The crisis surrounding Steward Health Care's bankruptcy remains a volatile and uncertain situation, with state health officials bracing for a bumpy ride ahead. Despite the approval of hospital sales, the Department of Public Health is still entrenched in the process of seizing St. Elizabeth's Medical Center in Brighton, and uncertainty surrounds Norwood Hospital, a S...
As lawmakers in Washington turned their focus to the Steward Health Care bankruptcy scandal, it became clear that something was amiss. Despite a subpoena, CEO Ralph de la Torre refused to appear before the Senate Health, Education, Labor, and Pensions Committee, leaving an empty chair in his place. What's behind this shocking no-show, and what does it reveal about th...
The collapse of Steward Health Care's hospital system in Massachusetts is a stark reminder that even the most profitable businesses can succumb to mismanagement and greed. The impending Senate hearing on Thursday is a crucial moment to scrutinize the company's actions and the devastating impact on patient care. But let's ask a question: what if Steward's administra...
In a bold move, Sen. Bernie Sanders has threatened to pursue contempt charges against Steward Health Care CEO Ralph de la Torre if he fails to appear at a hearing on Thursday, despite being issued a subpoena. The controversy surrounds de la Torre's alleged mismanagement of the hospital chain, which led to its bankruptcy and the closure of several hospitals. Sanders i...
The US Senate is preparing to hold Steward Health Care CEO Ralph de la Torre in contempt of Congress if he fails to appear at a hearing on Capitol Hill. This is a rare and serious charge, with the last subpoena issued by the committee occurring in the 1980s. The hearing is set to take place on Thursday, and lawmakers from both parties have expressed their frustration...
Medical Properties Trust (MPW) has made a significant move by reaching a settlement deal with Steward Health Care System, the bankrupt tenant of MPT. This agreement not only restores MPT's control over its real estate but also severs its relationship with Steward, paving the way for the immediate transition of operations to quality replacement operators at 15 hospita...
The Senate Health, Education, Labor, and Pensions Committee is planning to vote on two resolutions to hold Steward Health Care CEO Ralph de la Torre in contempt for refusing to attend a hearing despite being issued a subpoena. The committee is fed up with de la Torre's excuses and is determined to get to the bottom of the harm caused by Steward's bankruptcy. But what...