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.
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.
Right here’s the whole lot you wish to have to understand in regards to the guy at the back of Steward's downfall.
6 jaw-dropping revelationsStunning takeaways from Steward Health Care's bankruptcy filing
Does Steward’s CEO have a $40 million-dollar yacht?
In February of this date, Boston Globe columnist Brian McGrory seen that Steward’s CEO owns now not one, however two yachts.
De los angeles Torre purchased the $40 million, 190-foot yacht named the "Amaral" a couple of years in the past, in step with McGrory’s reporting for the Globe. De los angeles Torre's alternative yacht is a $15 million, 90-foot game fishing boat named the ‘Jaruco.'
The Amaral is a massive, six-bedroom yacht that costs about $4 million a year to run, according to SuperYacht Fan.
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According to reporting by The American Prospect, Steward acquired at least two business jets and a private suite at Dallas’s AA Area, the place the NBA’s Mavericks play games.
The place did Ralph de los angeles Torre paintings ahead of Steward?
In 2008, de los angeles Torre was the CEO of Caritas Christi Fitness Aid, a suffering health facility community in Massachusetts. A couple of years then, he made a offer with Cerberus Capital Control to start out Steward Fitness Aid and make investments cash into suffering hospitals.
Is Ralph de los angeles Torre a clinical physician?
De los angeles Torre graduated from Duke College in 1988 and were given his clinical level from a joint program between Harvard Scientific College and the Massachusetts Institute of Era in 1992, in step with his biography.
Prior to his stint as CEO of Steward, he was once the founder and CEO of the Cardiovascular Institute at Beth Israel Deaconess Scientific Middle (BIDMC) and Cardiovascular Control Pals, in step with his biography on Steward’s website. He additionally labored because the Eminent of Cardiac Surgical procedure at BIDMC.
What's Ralph de los angeles Torre’s wage?
In step with reporting by The American Prospect, a person habitual with Steward’s price range estimated he makes about $16 million consistent with date.
In 2020, de los angeles Torre purchased Steward from Cerberus for $335 million, however along with his personal stake within the funding corporate, old Steward’s money to pay himself a $100 million dividend, in step with that very same reporting.
The place does Ralph de los angeles Torre are living?
In step with reporting by the Globe, de los angeles Torre lives in a Dallas "mansion" and stocks an area with former President George W. Bush and Mark Cuban, proprietor of the Dallas Mavericks and longtime panelist on ABC's "Shark Tank."
When de los angeles Torre was once residing in Boston, he lived in a seven-bedroom house in West Newton that he bought for greater than $6 million in 2013, in step with reporting by Boston.com.
Who's Ralph de los angeles Torre’s spouse?
In step with reporting by the Globe, de los angeles Torre met his first spouse, Wing Cheung de los angeles Torre, a local of Hong Kong presen he was once in clinical faculty. They married in 2004 and had dual boys in 2008. In 2018, she filed for separation.
He then remarried Nicole Acosta, a self-described genuine property consultant, in step with the Globe.
