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.
Roger Mitchell Jr. will serve as the next president, as part of a Management Service Agreement as Adventist HealthCare and Howard University continue discussions for a long-term partnership. Current president Anita Jenkins steps down on Sept. 13.
In exchange for approval of its merger with a New York health system, Sharon Hospital’s owner agreed to keep its embattled maternity unit open for at least five more years, Attorney General William Tong announced on Monday.
Tong announced a deal with Sharon Hospital’s owner, Danbury-based Nuvance Health, and Northwell Healthcare of New Hyde Park, New York, “resolving the antitrust investigation into the proposed affiliation between the two hospital systems,” according to a statement.
As the more than 30 hospitals in the Steward Health Care System scrounged for cash to cover supplies, shuttered pediatric and neonatal units, closed maternity wards, laid off hundreds of health care workers, and put patients in danger, the system paid out at least $250 million to its CEO and his companies, according to a report by The Wall Street Journal.
The newly revealed financial details bring yet more scrutiny to Steward CEO Ralph de la Torre, a Harvard University-trained cardiac surgeon who, in 2020, took over majority ownership of Steward from the private equity firm Cerberus. De la Torre and his companies were reportedly paid at least $250 million since that takeover. In May, Steward, which has hospitals in eight states, filed for Chapter 11 bankruptcy.