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Preston Hollow wins bidding war for Mercy Iowa City

Lang/Hunter 10/10/23 Mercy Iowa City finally has a new owner. Preston Hollow Community Capitol won a two-entity bidding war against the University of Iowa ....

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Bankruptcy judge sets Sept. 19 deadline for Mercy Iowa City bids

After considering Mercy Iowa City’s argument that it’s an increasingly “fragile organization” forced into an emergent bankruptcy filing after suffering “significant and negative destruction of value,” a U.S. bankruptcy judge on Wednesday agreed to expedite the timeline of the hospital’s sale – presumably to the University of Iowa – setting a bid deadline of Sept. 19. ....

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Regents, asking few questions, approve UI-Mercy acquisition

The Board of Regents unanimously approved Tuesday a University of Iowa request to buy most of Iowa City-based Mercy Hospital’s assets for $20 million. ....

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University of Iowa to acquire 'substantially all' Mercy Iowa City facilities

The University of Iowa has signed a letter of intent to acquire “substantially all the operating facilities and key assets of Mercy Iowa City which has filed for bankruptcy in hopes of ”preserving the continuity of care for patients and continuing opportunities for physicians and employees.“ ....

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UIHC to acquire Mercy IC

Hunter 08/07/23 The University of Iowa has signed a letter of intent to acquire the operating facilities and key assets of financially troubled Mercy Iowa City. ....

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