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Senate Committee Authorizes Investigation Into Steward Health Care Bankruptcy

Steward Health Care Steward Health Care Bernie Sanders de la Torre Edward Markey
Sen. Bernie Sanders, I-Vt., left, speaks during a news conference on Senate Health, Education, Labor and Pensions Committee's subpoenas of pharmaceutical company representatives to discuss drug

A Senate committee has voted to launch an investigation into the bankruptcy of Steward Health Care, a move that includes issuing a subpoena to the company's CEO, Dr. Ralph de la Torre. The subpoena requires de la Torre to testify before the Senate Health, Education, Labor, and Pensions Committee at a hearing scheduled for September 12.

Steward Health Care, which announced its bankruptcy filing in May and plans to sell off all its hospitals, has faced criticism from lawmakers. Senator Bernie Sanders highlighted concerns about private equity involvement in the healthcare sector, accusing de la Torre of profiting excessively by burdening hospitals with debt and selling off assets.

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