This is a developing story. Check back for updates. Bondholder Preston Hollow Community Capital topped the University of Iowa’s $20 million bid to acquire Mercy Iowa City and its assets in a prolonged auction. The decision was announced late Tuesday evening after several days of talks between Mercy Iowa City, Preston Hollow, and a committee.
The auction for Mercy Iowa City’s assets remains unresolved. After a late-night continuance of the auction on Wednesday to further negotiations, and no further action Thursday, Mercy still hangs in the balance. According to court filings, the auction was postponed to a later date, with no specifics provided, but the document stipulated that the final.
This is a developing story. Check back for updates. University of Iowa Health Care’s acquisition of Mercy Iowa City will quickly move to bankruptcy court following a unanimous vote by the state Board of Regents Tuesday to approve the university’s $20 million bid. UIHC and Mercy will file an agreement with the U.S. Bankruptcy Court.
TORONTO, July 11, 2023 Kinross Gold Corporation announced today it will redeem all of the outstanding 5.95% Senior Notes due March 15, 2024 , which have an aggregate principal amount of.