Concerns continue over private equity’s reach into healthcare

MedPage Today – Thursday, January 2, 2025
By Shannon Firth

During a Senate Health, Education, Labor, and Pensions (HELP) Committee hearing nurses described the “unsafe” and “untenable” conditions across hospitals in the Steward Health system, which had filed for bankruptcy a few months earlier.

Approximately 15 patients in Steward hospitals died due to lack of medical equipment or staff, and many more lives were endangered, said HELP Committee Chair Sen. Bernie Sanders (I-Vt.). All the while, Ralph de la Torre, MD, the CEO of Steward, spent $160 million on a yacht, two private jets, a luxury fishing boat, and a donation to an elite preparatory school.

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