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Steward CEO Dr. Ralph de los angeles Torre leaves bankrupt corporate

Steward CEO Dr. Ralph de los angeles Torre leaves bankrupt corporate
September 29, 2024



Dr. Ralph de los angeles Torre, CEO of Dallas-based Steward Well being Care, who was once held in contempt of Congress for refusing to testify in regards to the corporate’s chapter, is leaving the stricken corporate.A Steward spokesperson showed the inside track with a observation emailed to NewsCenter 5. “Whilst Dr. de los angeles Torre has amicably separated from Steward on mutually agreeable phrases, he’ll proceed to be a tireless recommend for the development of repayment charges for the underprivileged affected person inhabitants. Dr. de los angeles Torre urges persevered center of attention in this venture and believes Steward’s monetary demanding situations put a much-needed highlight on Massachusetts’s ongoing failure to mend its healthcare construction and the inequities in its state machine,” the observation mentioned. Previous to founding Steward with backing from Cerberus Capital Control, de los angeles Torre was once the CEO of Boston-based Caritas Christi Well being Care. He was once additionally prior to now a cardiac surgeon at Beth Israel Deaconess Scientific Middle. The contempt vote in opposition to de los angeles Torre final week was once the primary time since 1971 that a person has confronted such fees through the Senate, which permits the Division of Justice to take over the case and pursue legal prosecution. The affirmative vote may just result in fines, legal prosecution and possible prison time.Previous this month, de los angeles Torre was once absent from a Senate Well being, Training, Hard work, and Pensions Committee listening to in regards to the chapter of his corporate, which operated a number of Massachusetts hospitals.De los angeles Torre was once first subpoenaed in July, however he issued repeated statements announcing he would now not attend the listening to.His lawyers despatched a letter to the Senate Well being, Training, Hard work, and Pensions Committee, invoking the 5th Modification for his proper to not testify.”Dr. de los angeles Torre can’t be approved to offer sworn testimony presently, for the reason that the Listening to was once apparently designed as a car to violate Dr. de los angeles Torre’s constitutional rights, together with his 5th Modification rights,” the letter mentioned. “If the Committee had any fear for the hospitals suffering from Steward’s chapter court cases it could, in keeping with Dr. de los angeles Torre’s request to put off the listening to for a extra suitable time, allow the chapter solution to transport ahead and center of attention its movements on tackling respectable questions in the most efficient pursuits of Steward sufferers, hospitals, and communities.”Video underneath: de los angeles Torre held in contempt of CongressMassachusetts Sen. Ed Markey, a member of the committee whose workplace lately launched a record blaming the Steward disaster on “company greed,” has alleged that the corporate cared extra about earnings than sufferers.His record alleges that hospices below Steward’s control had been “gutted” in pursuit of extreme earnings, whilst sufferers suffered from prolonged emergency wait instances, deteriorating amenities and better mortality charges.Steward filed for Bankruptcy 11 chapter coverage on Might 6.Gov. Maura Healey on Friday officially seized St. Elizabeth’s Scientific Middle in Boston thru eminent area to stay the health center open. Up to now, a chapter pass judgement on licensed the sale of Steward’s six closing hospitals in Massachusetts. The pass judgement on mentioned Steward and the lenders nonetheless want to iron out some variations, which can optimistically be executed through the top of the month. Carney Health facility and Nashoba Valley Scientific Middle closed on the finish of August after Steward didn’t in finding certified bidders.The way forward for Norwood Health facility, which was once below building, stays unclear.

NEEDHAM, Mass. — Dr. Ralph de los angeles Torre, CEO of Dallas-based Steward Well being Care, who was once held in contempt of Congress for refusing to testify in regards to the corporate’s chapter, is leaving the stricken corporate.A Steward spokesperson showed the inside track with a observation emailed to NewsCenter 5.

“Whilst Dr. de los angeles Torre has amicably separated from Steward on mutually agreeable phrases, he’ll proceed to be a tireless recommend for the development of repayment charges for the underprivileged affected person inhabitants. Dr. de los angeles Torre urges persevered center of attention in this venture and believes Steward’s monetary demanding situations put a much-needed highlight on Massachusetts’s ongoing failure to mend its healthcare construction and the inequities in its state machine,” the observation mentioned. Previous to founding Steward with backing from Cerberus Capital Control, de los angeles Torre was once the CEO of Boston-based Caritas Christi Well being Care. He was once additionally prior to now a cardiac surgeon at Beth Israel Deaconess Scientific Middle.
The contempt vote in opposition to de los angeles Torre final week was once the primary time since 1971 that a person has confronted such fees through the Senate, which permits the Division of Justice to take over the case and pursue legal prosecution. The affirmative vote may just result in fines, legal prosecution and possible prison time.

Steward CEO Dr. Ralph de los angeles Torre leaves bankrupt corporate

Kevin Wolf

Dr. Ralph de los angeles Torre’s empty chair at a committee listening to. 

Previous this month, de los angeles Torre was once absent from a Senate Well being, Training, Hard work, and Pensions Committee listening to in regards to the chapter of his corporate, which operated a number of Massachusetts hospitals.
De los angeles Torre was once first subpoenaed in July, however he issued repeated statements announcing he would now not attend the listening to.His lawyers despatched a letter to the Senate Well being, Training, Hard work, and Pensions Committee, invoking the 5th Modification for his proper to not testify.”Dr. de los angeles Torre can’t be approved to offer sworn testimony presently, for the reason that the Listening to was once apparently designed as a car to violate Dr. de los angeles Torre’s constitutional rights, together with his 5th Modification rights,” the letter mentioned. “If the Committee had any fear for the hospitals suffering from Steward’s chapter court cases it could, in keeping with Dr. de los angeles Torre’s request to put off the listening to for a extra suitable time, allow the chapter solution to transport ahead and center of attention its movements on tackling respectable questions in the most efficient pursuits of Steward sufferers, hospitals, and communities.”Video underneath: de los angeles Torre held in contempt of Congress
Massachusetts Sen. Ed Markey, a member of the committee whose workplace lately launched a record blaming the Steward disaster on “company greed,” has alleged that the corporate cared extra about earnings than sufferers.His record alleges that hospices below Steward’s control had been “gutted” in pursuit of extreme earnings, whilst sufferers suffered from prolonged emergency wait instances, deteriorating amenities and better mortality charges.Steward filed for Bankruptcy 11 chapter coverage on Might 6.Gov. Maura Healey on Friday officially seized St. Elizabeth’s Scientific Middle in Boston thru eminent area to stay the health center open. Up to now, a chapter pass judgement on licensed the sale of Steward’s six closing hospitals in Massachusetts. The pass judgement on mentioned Steward and the lenders nonetheless want to iron out some variations, which can optimistically be executed through the top of the month.
Carney Health facility and Nashoba Valley Scientific Middle closed on the finish of August after Steward didn’t in finding certified bidders.The way forward for Norwood Health facility, which was once below building, stays unclear.

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