Hospital chain claims "greed and bad faith misconduct" led to bankruptcy
Bankruptcy filing alleges Steward Health Care executives siphoned $245 million from needy hospitals.
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Bankruptcy filing alleges Steward Health Care executives siphoned $245 million from needy hospitals.
The law is intended to prevent the financial maneuvers Steward used to siphon money away from direct patient care.
The Senate approved a resolution on Wednesday that was intended to hold Ralph de la Torre in criminal contempt for failing to testify before a committee.
The CEO of troubled hospital operator Steward Health Care was held in criminal contempt of Congress after he failed to appear at a hearing.
A Senate committee voted to take steps to hold Steward Health Care CEO Ralph de la Torre in civil and criminal contempt
Steward Health Care CEO Ralph de la Torre is facing a contempt of Congress vote after failing to appear at a Senate hearing Thursday. The Senate Committee on Health, Education, Labor and Pensions accuses de la Torre of financially benefiting from the bankruptcy of his company. CBS News chief medical correspondent Dr. Jon LaPook joins to discuss the impact of Steward's bankruptcy on patients and hospitals.
The CEO of the troubled hospital chain did not appear at a Congressional hearing on Tuesday, despite a subpoena calling for his testimony.
A vote is expected next week to hold Steward Health Care CEO Ralph de la Torre in contempt of Congress after he refused to appear at a hearing this week despite being subpoenaed to testify. This follows a nearly two-year CBS News investigation into how private equity investors and de la Torre siphoned hundreds of millions of dollars from Steward hospitals. Dr. Jon LaPook has more.
Federal grand jury focuses on financial activities of Steward Health Care under CEO Ralph de la Torre.
Ralph de la Torre, the CEO of Steward Health Care, says he will not testify at a Senate hearing in Washington next week.
Massachusetts Gov. Maura Healey has announced a plan to save five Steward hospitals from closure.
One lawmaker called Steward CEO Ralph de la Torre "the poster child" for corporate greed in health care.
The Dallas-based company, which owns hospitals in Massachusetts and seven other states, has been accused of putting profits over patients.
Steward Health Care, a major hospital chain that recently filed for bankruptcy, is being investigated by federal authorities in Boston for fraud and potential violations of the Foreign Corrupt Practices Act, according to two sources familiar with the probe. CBS News investigative producer Michael Kaplan has more.
Steward Health Care, the struggling hospital group that owns hospitals in Massachusetts, Texas, Florida and other states, announced Monday that it is filing for bankruptcy.