Steward Health Care CEO Ralph de la Torre Resigns

Ralph de la Torre, CEO of Steward Health Care, has announced his resignation effective October 1, amid growing scrutiny over the company's financial practices and its recent bankruptcy filing. The Senate has held de la Torre in criminal contempt for failing to testify about the circumstances surrounding the bankruptcy, a situation that has drawn significant political attention, especially from Massachusetts lawmakers. De la Torre's leadership has faced harsh criticism, with Senator Bernie Sanders accusing him of greed and harming patient care. Despite his departure, he stated he will continue advocating for better reimbursement rates for underprivileged patients. The Senate's contempt vote is a notable legal action, as it marks the first time since 1971 that an individual has faced such charges, potentially leading to criminal prosecution. Steward Health Care, which operates around 31 hospitals, has been under investigation for its financial decisions that contributed to its current crisis.