A bankruptcy court approved the University of Iowa’s purchase of Mercy Hospital in Iowa City on Monday. The Bankruptcy Court for the Northern District of Iowa has officially handed over ownership of the 234-bed hospital and its assets to the university, who had submitted a winning bid of $28 million in an auction late last month. In a statement Monday, university officials and Mercy executives say they are “heartened to begin the planning to bring Mercy Iowa City” into the UI Health Care system.
Read the full article: Bankruptcy Court Officially Approves Mercy Iowa City’s Sale to University of Iowa //
Source: https://www.press-citizen.com/story/news/local/2023/11/06/bankruptcy-court-approves-mercy-iowa-city-sale-to-university-of-iowa/71477157007