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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.
"University of Iowa to assume over 1,000 contracts in Mercy Iowa City takeover, but not those with Steindler Orthopedic Clinic. Steindler objects to contracts b
As Monday’s final sale hearing approaches in the historic and heated bankruptcy of Iowa City’s oldest and only-remaining community hospital, precarious deals are being tested by objections and rising tempers – including from Mercy Hospital partners and creditors unlikely to get the millions they’re due.