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Steward Health Care has filed court papers accusing its former CEO, Ralph de la Torre, and three associates of misappropriating over $245 million, contributing to the company’s bankruptcy. The allegations include excessive dividends taken by de la Torre amidst financial struggles, leading to operational deficits and risks to patient care across its hospitals.
Explain It To Me Like I’m 5: Steward Health Care, a hospital company in trouble, claims its former CEO and three other leaders took a lot of money for themselves, leaving the hospitals without enough funds to help patients, which eventually led to the company’s bankruptcy.
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