Moody’s Investors Service again has downgraded Mercy Iowa City Hospital’s credit rating following “severe cash flow deterioration, from historically weak levels, which has resulted in material and rapid cash burn.”
Articles Tagged: Mercy Iowa City
Higher Ed Mar. 2, 2023 3:21 pm25d ago
Mercy Iowa City Hospital in recent months had to retain a “strategic and operational performance improvement” consultant after breaching debt coverage obligations amid declining patient days and occupancy percentages. Just two miles west, University of Iowa Hospitals and Clinics is overrun with as many as 70 people waiting in the emergency room at one time.
Higher Ed Dec. 4, 2022 6:00 am115d ago
Adding to the growing list of construction and renovation projects University of Iowa Health Care is pursuing in and around its campus, UIHC now is asking an outside development team to design, plan and build it a new primary care medical office building in Iowa City. Competing hospitals are concerned, saying primary care needs in the area are already well-served.
Health Care and Medicine Dec. 5, 2022 11:00 am113d ago
Over a budget year in which Mercy Iowa City sought a new managing partner, entertained a takeover offer from University of Iowa Health Care, and tried to climb back from tens of millions in pandemic-incurred losses, new documents made public last week show finances for the Iowa City-based hospital only worsened.
Crime and Courts Sep. 30, 2022 1:29 am179d ago
A Wellman man is suing Mercy Hospital in Iowa City for giving him 10 times the dose of an opioid drug for pain that a doctor prescribed after he broke his ribs in a fall.
By Clark Kauffman - Iowa Capital Dispatch
Health Care and Medicine Aug. 15, 2022 6:00 am226d ago
An Eastern Iowa hospital has been cited by the state for hiring, without a full background check, a nurse who was later fired for the suspected theft of opioid narcotics.
Higher Ed Nov. 26, 2022 9:54 am122d ago
Among four proposals Mercy Iowa City entertained last year in its search for a new partner was one from University of Iowa Health Care offering more than $605 million to take ownership of the community hospital and make it the “centerpiece” of a new UIHC “community division.”
Higher Ed Jul. 28, 2022 5:12 pm242d ago
A year after Mercy Iowa City announced plans to exit its four-year affiliation with the statewide MercyOne health network and integrate into a larger health care system, the community hospital is pulling the plug on its search for a new partner and sticking with MercyOne.
Higher Ed May. 4, 2022 7:16 pm327d ago
Seven weeks after the state approved construction of a new $19.2 million Steindler North Liberty Ambulatory Surgery Center near the booming I-380 and Forevergreen Road corridor, the affiliated Steindler Orthopedic Clinic on April 25 sold its Iowa City home base for $11 million.
Higher Ed Oct. 15, 2021 4:43 pm528d ago
The state’s consideration of
Higher Ed Sep. 23, 2021 8:17 am551d ago
Employees are retiring, moving to less stressful careers, as UI works to hire hundreds
Higher Ed Aug. 8, 2021 8:58 am597d ago
Following a stinging denial in February and another unexpected delay over the summer, University of Iowa Health Care’s revamped application to build a new $230 million facility off Interstate-380 in North Liberty is set to have a second shot before the State Health Facilities Council on Aug. 31.
News Aug. 4, 2021 2:48 pm600d ago
Sean Williams will resign as Mercy Iowa City president and chief executive officer effective Sept. 30, the hospital said Wednesday.
Health Care and Medicine Jun. 30, 2021 3:40 pm635d ago
The Iowa City-based hospital will end its affiliation agreement with the statewide MercyOne health network, The Gazette confirmed Wednesday.
News Dec. 20, 2011 10:45 am4116d ago
Police followed a trail of antifreeze Saturday morning to find a pickup involved in a hit-and-run. Around 8:30 a.m., a …