Dr. Ralph de la Torre is stepping down from his position as board chairman and chief executive of Steward Health Care, a network of hospitals that he built. Known for his extravagant lifestyle and symbolizing greed in for-profit health care, de la Torre is believed to hold a majority of shares in the company, which is now facing bankruptcy proceedings. Patients have reported harm due to shortages of staff and critical supplies at Steward hospitals. It is unclear if de la Torre will remain a major shareholder in the company he helped found in 2010.
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Ralph de la Torre, CEO of bankrupt Steward Health Care, to resign
