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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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