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Cake day: July 28th, 2023

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  • Shameful is putting it lightly…

    Investors at Cerberus, meanwhile, aren’t the only ones who scored a home run by inflicting financial pain on Steward. In 2021, MPT loaned the hospital chain’s operating team, including de la Torre, $335 million to buy out Cerberus. Steward then turned around and paid its new owners, including de la Torre, a dividend of about $100 million. A few months later, de la Torre bought a $40 million yacht named the Amaral, which features a library, a gym, and a whirlpool on the top deck. Just after that, Steward filed with the government to delay paying back pandemic-era loans, citing “extreme financial hardship.”