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Judge approves Mercy sale to University of Iowa

With little debate or discord after months of twists and turns and objections a U.S. Bankruptcy Court judge on Monday approved the sale of Iowa City’s only community hospital Mercy Iowa City to the University of Iowa for $28 million. ....

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Iowa City couple winning record verdict among Mercy's 'unsecured' creditors

Of nearly 400 companies or individuals with “nonpriority unsecured claims” against Mercy Iowa City – meaning the hospital owes them money but will pay them back last, if at all, in its bankruptcy restructuring – more than a dozen are litigants who sued and won settlements, awards, or judgments. ....

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Mercy: $162M in patient fees 'doubtful' to be paid

A deal with a consultant shows it could be paid a “success fee” of $250,000 if it arranges a sale to continue Mercy’s health care mission. ....

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