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Mercy Iowa City bankruptcy auction will resume 'next week'

Two days have passed since Mercy Iowa City opened an auction for substantially all its assets, and the hospital will head into the weekend without a new owner or operator notifying a U.S. bankruptcy judge Friday afternoon the auction “will resume next week.” ....

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Mercy bondholder wants investigation into events preceding 'bankruptcy fire sale'

Accusing Mercy Iowa City Hospital of misdirecting blame for its “prolonged, observed deterioration over the course of several years” that brought it to “being liquidated through a bankruptcy fire sale process for a mere $20 million,” bondholders have asked a judge to appoint an examiner to answer several of its key questions. ....

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