Steward Health Care Crisis - The Boston Globe

Ralph de la Torre took a break after watching his wife Nicole Acosta compete in the Global Dressage Festival in Wellington, Fla., in March.

Steward alleges former CEO Ralph de la Torre and execs plundered the hospital chain of hundreds of millions of dollars

The filing this week in Steward's bankruptcy court accuses it's founder and top executives of defrauding the company of some $262 million.

Ralph de la Torre walks back to the paddock after watching his wife Nicole Acosta compete in the Global Dressage Festival in Wellington, Fla., on March 7.

Bankrupt Steward eyes clawbacks from former CEO Ralph de la Torre and others

Internal investigators said a number of transactions, including money taken by private equity owners and distributions to insiders, were fraudulent.

Holy Family Hospital in Haverhill will scale back operations, said its new operator, Lawrence General Hospital, which took over the Holy Family hospitals from Steward Health Care last year.

Lawrence General to scale back operations at Holy Family hospital in Haverhill

Many inpatient services will end at the hospital, formerly operated by Steward Health Care, though the emergency department will stay open.

The nametag for Ralph de la Torre, founder and chief executive of Steward Health Care System, in front of an empty seat during a Senate Health, Education, Labor, and Pensions Committee hearing in September 2024.

One year after Steward bankruptcy, Warren, Markey demand criminal probe

Senators Elizabeth Warren and Ed Markey are pushing the Justice Department to investigate Steward chief executive Ralph de la Torre for contempt of Congress.

Good Samaritan Medical Center in Brockton will now be called Boston Medical Center-South.

Boston Medical Center renames St. Elizabeth’s, Good Samaritan hospitals

The state’s largest safety-net hospital, Boston Medical Center, took over operations of the two hospitals from bankrupt Steward Health Care last fall.

A closed sign is posted on a glass door at a entrance to a building on grounds of the closed Carney Hospital on Sept. 19, 2024, in Boston's Dorchester neighborhood.

Steward paid them a fraction of what it owed. Now it’s suing them to get the money back.

The bankrupt health system has filed lawsuits against roughly 170 vendors, seeking to claw back millions of dollars it paid in the weeks and months before it filed for Chapter 11 protection last year.

Lawrence General is one of six former Steward Health Care hospitals in Massachusetts that still contract with the bankrupt health system for IT, medical records, and other digital systems.

Business

Steward threatens to cut off critical technology services for its former Mass. hospitals unless they pay millions

Six Massachusetts hospitals still rely on the bankrupt system for medical record and billing services, and Steward is now squeezing them for millions, threatening patient care.

Roger Williams Medical Center in Providence.

Healthcare

‘Possibly the worst example of private equity greed’: In Prospect Medical bankruptcy, echoes of Steward

The California hospital chain went bust four years after Leonard Green & Partners took its profits and walked away.