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Lender seeks receiver to take control of Mercy Iowa City

Asserting Iowa City’s 150-year-old Mercy Hospital is in “financial freefall” and headed toward closure, the investor and holder of $41.8 million Mercy borrowed in 2018 has asked a judge to “appoint a receiver on an emergency basis” to take operational control over the hospital facilities.
United States Iowa City Mercy Hospital Peter Chadwick Vanessa Miller Johnson County Court

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