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The deal is scheduled to complete in H2 2024, subject to regulatory notifications, approvals and other customary closing conditions

This is a developing story. Check back for updates.  Bondholder Preston Hollow Community Capital topped the University of Iowa’s $20 million bid to acquire Mercy Iowa City and its assets in a prolonged auction. The decision was announced late Tuesday evening after several days of talks between Mercy Iowa City, Preston Hollow, and a committee...

The auction for Mercy Iowa City’s assets remains unresolved. After a late-night continuance of the auction on Wednesday to further negotiations, and no further action Thursday, Mercy still hangs in the balance. According to court filings, the auction was postponed to a later date, with no specifics provided, but the document stipulated that the final...

The University of Iowa Hospitals and Clinics’ acquisition of Mercy Iowa City remains uncertain after a competing bid was made on Monday. The UI made the initial bid of $20 million to acquire the hospital’s assets, known as a “stalking horse bid.” The UI’s bid set the floor price for all subsequent bids and gained...

This is a developing story. Check back for updates.  University of Iowa Health Care’s acquisition of Mercy Iowa City will quickly move to bankruptcy court following a unanimous vote by the state Board of Regents Tuesday to approve the university’s $20 million bid. UIHC and Mercy will file an agreement with the U.S. Bankruptcy Court...