Patrick Magallanes News Today

Get to know Patrick Magallanes, the president and CEO of Steindler Orthopedics in Iowa City, Iowa.

As part of the University of Iowa’s takeover of Mercy Iowa City – which became official Wednesday and continued UI Health Care’s accelerating expansion statewide – it’s assuming more than 1,000 of Mercy’s contracts, costing $3.4 million to “cure” amounts the former community hospital owed under those agreements.

Now that UI Health Care has completed its purchase of Mercy Iowa City (now known as UI Health Care Medical Center Downtown), Steindler Orthopedic continues to e

About halfway through construction of the University of Iowa’s new 469,000-square-foot hospital campus in North Liberty, its orthopedics department this week shared more details about plans to move its clinical, surgical, research, and educational operations to the Forevergreen Road site — further backing his characterization of the campus as an “orthopedic hospital.”

Iowa City-based Steindler Orthopedics has filed a motion in court to compel Mercy Hospital Iowa City to move forward with a $29 million asset sale following its

Mercy Iowa City’s delay in closing its bankruptcy sale is hurting hospital operations by, among other things, scaring away patients and providers, eroding community confidence, and adding expense to an estate already depleted of resources – according to a Wednesday court filing asking a judge to force the issue.

Employees are leaving and patients are canceling procedures due to stalling by Mercy Iowa City hospital authorities over the facilitys sale.

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

In a stunning turn of events many didn’t anticipate — including Mercy Iowa City and its executives — bondholder Preston Hollow Community Capital in a drawn out auction has outbid the University of Iowa for Mercy’s assets as part of the hospital’s Chapter 11 bankruptcy case.

Mercy Iowa City will remain an operational community hospital following its acquisition by bond investors led by Preston Hollow Community Capital, bondholders for Mercy.