Financial statements show that Steward reported staggering losses while it was making these lavish outlays to its executive, namely $364.7 million in 2021 and a $268.8 million loss in 2022.
Each summer in recent years, the U.S. Department of Justice (DOJ) and associated fraud enforcement partners have indicted many health care defendants, in multiple cases across the country. This summer continued the tradition.
Steward is led by Ralph de la Torre, a former heart surgeon who collected more than $100 million in compensation and bought a $40 million yacht while employees at Steward hospitals complained about a lack of basic supplies.
For at least the seventh time, the hearing at which the bankrupt company was expected to seek U.S. Bankruptcy Court approval of deals to sell five of its Massachusetts hospitals was postponed by more than a week.
A nonprofit Seventh-day Adventist health system with long ties to Western North Carolina is taking over the management and name of Polk County's community hospital.
St. Luke's Hospital, a 25-bed critical access hospital serving its rural WNC area since 1929, is slated to become AdventHealth Polk pending government review that should be finished by October, according to AdventHealth officials.