The deal is finally done. On Monday, the judge overseeing the bankruptcy of Mercy Iowa City approved its sale to the University of Iowa. But the judge’s approval, which was needed for any deal to purchase Mercy’s assets, doesn’t mean all the details of the deal are in place just yet. “Mercy attorneys during a […]
Mercy Hospital
Posted inCommunity/News
UI announces it has won Mercy Iowa City at auction, after the last purchase agreement collapses
Two weeks ago, Mercy Iowa City announced Preston Hollow Community Capital had won the bankruptcy auction for its assets, calling the Dallas-based specialty finance company’s $29 million bid the “highest and otherwise best bid.” All that remained was to finalize the provisions of the sales agreement for Mercy’s 234-bed Iowa City hospital, the Mercy Family […]
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Mercy Iowa City sale stalls as Mercy and the Texas-based auction winner disagree over terms
Last week, it seemed all the major issues surrounding Mercy Iowa City’s bankruptcy had been resolved. One of its principal creditors, Preston Hollow Community Capital, a Texas-based specialty finance company, had won the auction of Mercy’s assets, the hospital announced on Oct. 10. In a statement, Mercy called Preston Hollow’s bid the “highest and otherwise […]
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Mercy Iowa City bought in bankruptcy auction by Texas-based finance company
Preston Hollow Community Capital, the Texas-based specialty finance company that is Mercy Iowa City’s largest creditor, was the winning bidder in the bankruptcy auction of Mercy’s assets, which include the 234-bed Iowa City hospital, as well as the Mercy Family Medical Centers in Kalona, Tipton, West Liberty and Williamsburg. Mercy filed for Chapter 11 bankruptcy […]
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University of Iowa’s plan to purchase Mercy Iowa City gets stamp of approval from the Board of Regents
During its meeting on Tuesday, the Iowa Board of Regents approved the University of Iowa’s plan to purchase Mercy Hospital of Iowa City. The plan calls for UI to pay $20 million for “substantially all” of Mercy’s assets, including the 234-bed Iowa City hospital, as well as the Mercy Family Medical Centers in Kalona, Tipton, […]
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‘We have to do better’: Health officials warn Linn County hospitals could become overwhelmed if cases continue to increase rapidly
During a press conference on Thursday afternoon, health experts warned Linn County residents that if cases of COVID-19 continue to increase as rapidly as they have been, hospitals will become overwhelmed in the next two to three weeks. Linn County saw its first confirmed cases of the new coronavirus on Saturday, March 21. In less […]
Posted inCOVID-19
Volunteers have sewn nearly 2,000 cloth masks for Mercy Cedar Rapids
In an effort to conserve and extend the supply of masks and other personal protective equipment, hospitals in Iowa and around the country are asking for help from people who can sew — and sewists (or sewers, depending on which term you prefer) have stepped up to the challenge. Mercy Cedar Rapids, Mercy Iowa City […]
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House built more than 150 years ago on Iowa City’s north side to be torn down
A demolition permit has been issued for the house that has stood at the corner for E Market and N Johnson Streets in Iowa City for more than 150 years. The house is still in good shape, but Mercy Iowa City, which bought the property for $240,000 in November, has no use for the structure. […]
Posted inBread & Butter Dining Guide
Mercy Hospital Chef Ron Hall serves some of Iowa City’s best food
Mise en place. That’s the term that comes to mind when Jeff Donar thinks about Chef Ron Hall. It’s a French phrase Donar learned in culinary school; it means “everything in its place.” Donar, a cook, has worked for Hall in the Mercy Iowa City kitchen for nearly four years. “You can tell when [Chef […]
