Leadership Change and Senate Action
, CEO of , announced his resignation effective Oct. 1, following his failure to testify before a Senate panel, leading to a criminal contempt resolution against him.
The Senate panel, chaired by , has been investigating Steward's bankruptcy, with de la Torre's alleged financial mismanagement and greed under scrutiny.
Financial Controversies and Operational Struggles
De la Torre's tenure saw significant financial controversies, including the extraction of hundreds of millions by him and private equity investors, amidst Steward's bankruptcy and closure of hospitals.
Amid operational struggles, Steward Health Care faced criticism for harming patients through shortages of staff and critical supplies, while de la Torre lived a lavish lifestyle, further fueling allegations of corporate greed.