IOWA CITY — In a stunning turn of events many didn’t anticipate — including Mercy Iowa City and its executives — bondholder Preston Hollow Community Capital in a long and drawn out auction outbid the University of Iowa for Mercy’s assets as part of the hospital’s Chapter 11 bankruptcy case.
That means instead of transitioning the 150-year-old community hospital to UI…
This story from thegazette.com was posted on 2023-10-11 by @globeam.