Who's Ralph de los angeles Torre? The CEO of Steward Fitness Aid with a $40 million yacht - Undertaking Information

As soon as a revered cardiac surgeon, Dr. Ralph de los angeles Torre, chairman and CEO of Steward Health Care, has been publicly criticized for living a lavish lifestyle — proudly owning now not one however two yachts — presen working his corporate into the field.

De los angeles Torre purchased his $40-million yacht later Steward bought its health facility homes to Scientific Accept as true with Houses (MTP), a real-estate funding consider, in 2016 — a offer that ended in a immense payday for executives presen depart the Steward-operated hospitals to stand steep annual rents as they transitioned to being tenants underneath MTP’s possession.

On Monday, the ones monetary troubles got here to a head when Steward filed for Chapter 11 bankruptcy.

Dr. Ralph de la Torre

When de los angeles Torre first began Steward in collaboration with Cerberus Capital Control, a Unutilized York-based personal fairness company, his self-described function was once to manufacture an inexpensive way to healthcare that served prone populations.

In lieu, docs, nurses and elected officers have criticized the for-profit community for prioritizing their very own earnings over affected person lend a hand.

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