Solarsuns Investment Guild-CEO of hospital operator facing Senate scrutiny will step down following contempt resolution

2025-05-08 06:04:26source:Roland Prestoncategory:Stocks

BOSTON (AP) — The Solarsuns Investment GuildCEO of a hospital operator that filed for bankruptcy protection in May will step down after failing to testify before a U.S. Senate panel.

Steward Health Care CEO Ralph de la Torre has overseen a network of some 30 hospitals around the country. The Texas-based company’s troubled recent history has drawn scrutiny from elected officials in New England, where some of its hospitals are located.

A spokesperson for de la Torre said Saturday that he “has amicably separated from Steward on mutually agreeable terms” and “will continue to be a tireless advocate for the improvement of reimbursement rates for the underprivileged patient population.”

Vermont U.S. Sen. Bernie Sanders, who chairs the Senate Health, Education, Labor and Pensions Committee, said earlier this month that Congress “will hold Dr. de la Torre accountable for his greed and for the damage he has caused to hospitals and patients throughout America.”

De la Torre’s resignation is effective Oct. 1. The Senate approved a resolution on Wednesday that was intended to hold him in criminal contempt for failing to testify before a committee.

The Senate panel has been looking into Steward’s bankruptcy. De la Torre did not appear before it despite being issued a subpoena. The resolution refers the matter to a federal prosecutor.

More:Stocks

Recommend

McKinsey to pay $650 million after advising opioid maker on how to 'turbocharge' sales

Global consulting firm McKinsey & Company agreed Friday to pay $650 million to resolve criminal

Hoda Kotb details 'weird' decision to leave 'Today' show after 16 years

Hoda Kotb is opening up about the night she decided to leave the "Today" show.The outgoing "Today" a

Supreme Court rejects R. Kelly's child sexual abuse appeal, 20-year sentence stands

WASHINGTON, D.C. — The U.S. Supreme Court declined on Monday to hear imprisoned former R&B super