Vermont U.S. Sen. Bernie Sanders said Wednesday he is prepared to pursue contempt charges against Steward Health Care CEO Ralph de la Torre if he fails to show up at a hearing Thursday despite being issued a subpoena.
Sanders said de la Torre needs to answer to the American people about how he was able to reap hundreds of millions of dollars while Steward Health Care, which operated about 30 hospitals nationwide, had to file for bankruptcy in May.
“This is something that is not going to go away,” Sanders told The Associated Press. “We will pursue this doggedly.”
buying a hospital (system I guess?) in order to sell off all the equipment and property and rent it back until they’re bankrupt is just so cartoonishly evil, wtf
That’s how a lot of venture capital places operate when they buy anything. I’m pretty sure that’s what red lobster is doing. It happened to an MSP I used to work at (about two thirds of our clients were hospitals or clinics, for whatever that’s worth). Doing it with a hospital system is just extra especially vile rather than the normal amount of vile.
That’s exactly what happened to companies like Red Lobster and Circuit City.