Although Mercy Iowa City wants an expeditious sale of its assets – after the 150-year-old hospital filed for Chapter 11 bankruptcy this month – its bondholders and creditors this week asked a judge to tap the brakes to give them time for due diligence and to maximize the “value of the sale.”
Having an early detection strategy for skin cancer that includes seeing a dermatologist is important to minimizing risk. A dermatologist from the University of Iowa Hospitals and Clinics shares key signs, how to minimize risk and how to protect your skin from the sun.
Although Mercy Iowa City has signed a letter of intent to sell most of its assets to the University of Iowa for $20 million, a review of assessment records show the 150-year-old community hospital’s 19 properties – all of which are intended for UI – are valued at more than $137.3 million.
Accusing Mercy Iowa City Hospital of misdirecting blame for its “prolonged, observed deterioration over the course of several years” that brought it to “being liquidated through a bankruptcy fire sale process for a mere $20 million,” bondholders have asked a judge to appoint an examiner to answer several of its key questions.
Johnson County officials may follow Polk County’s lead in providing funding for emergency contraception and crisis services for victims of sexual assault and rape after the Iowa Attorney General’s Office halted - at least for now -- covering those expenses.
In a letter updating its tens of thousands of patients on how this week’s news of Mercy Iowa City’s bankruptcy could affect them and their care, Steindler Orthopedic Clinic on Friday vowed to “remain independent” — even as the 150-year-old community hospital, and Steindler’s longtime partner, “will cease to exist.”
After considering Mercy Iowa City’s argument that it’s an increasingly “fragile organization” forced into an emergent bankruptcy filing after suffering “significant and negative destruction of value,” a U.S. bankruptcy judge on Wednesday agreed to expedite the timeline of the hospital’s sale – presumably to the University of Iowa – setting a bid deadline of Sept. 19.
The Board of Regents on Tuesday morning unanimously approved a University of Iowa request to buy most of Iowa City-based Mercy Hospital’s assets for $20 million — without asking any questions about the deal’s finances, including how they came to the $20 million figure, where that money will come from, and what will happen with the $63 million Mercy owes on publicly-issued bonds.
UI Physicians may be asked to share more of the financial burden of medical malpractice costs under a potential new agreement
The University of Iowa has signed a letter of intent to acquire “substantially all the operating facilities and key assets of Mercy Iowa City — which has filed for bankruptcy — in hopes of ”preserving the continuity of care for patients and continuing opportunities for physicians and employees.“
After slipping last year to the lowest number of medical care specialties ranked among the Top 50 nationally in at least a decade, the University of Iowa Hospitals and Clinics again this year ranked in the same two specialties — but improved their ratings in the U.S. News & World Report’s “Best Hospitals” list made public today
Despite inflation, labor cost and supply chain snags that stalled the original timeline, a new Steindler North Liberty Ambulatory Surgery Center now is under construction just east of Interstate 380, north of Forevergreen Road – adding to the health care construction boom underway in that community.
Chief Nurse Executive Kim Hunter was named the interim CEO when Suresh Gunasekaran left in the campus in 2022 to become head of the University of California San Francisco Academic Health System.
“I don't think I've ever gone a week here on my unit for four years without being physically assaulted,” said UIHC registered nurse Alex Kestrel, who works in the geriatric psychiatry unit. “I get punched in the face pretty much every week by my patients.”
The day before the University of Iowa announced who would serve on a revamped search committee for its second attempt to find a new vice president for medical affairs, a committee co-chair asked the woman who later would be chosen for the job to apply.
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