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Regents, asking few questions, approve UI-Mercy acquisition

Regents approve UI-Mercy Hospital acquisition with few questions asked

The Board of Regents on Tuesday morning unanimously approved a University of Iowa request to buy most of Iowa City-based Mercy Hospital’s assets for $20 million without asking any questions about the deal’s finances, including how they came to the $20 million figure, where that money will come from, and what will happen with the $63 million Mercy owes on publicly-issued bonds.

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