Steward Health Care Declares Bankruptcy After Private Equity Extracts $1.3 Billion, At Least 15 Patient Deaths Linked to Substandard Care

Steward Health Care, the Dallas-based for-profit hospital system operating 31 hospitals across eight states, declared bankruptcy in one of the most colossal failures of a hospital chain in American history. Private equity firm Cerberus Capital Management and former CEO Ralph de la Torre reportedly …