![]() “As we implement this plan, our dedicated Mercy Iowa City staff remain steadfast in their commitment to provide compassionate care to our community, just as we have since 1873.” (Jim Slosiarek/The Gazette) “Mercy Iowa City believes this plan is the best path forward to preserve our hospital operations,” Mercy Chief Executive Officer and board Chair Tom Clancy said in a statement Monday. Mercy Iowa City and the University of Iowa have signed a letter of intent for the university to acquire the financially struggling hospital and its assets for $20 million. “We are deeply appreciative of the university for finalizing an agreement that, if approved, will allow us to emerge from this process with a more sustainable future,” CEO Clancy said in his statement. Those petitioners told the court that Mercy owes $63 million on publicly-issued bonds and a receiver could "take operational control of the hospital facilities, maintain and preserve the bondholders’ real property and personal property collateral, receive and recover funds and proceeds constituting collateral, and, if necessary, conduct a process for the sale or monetization of the collateral and hospital facilities“ that could include selling or partnering with other health care providers. You will begin to receive our Daily News updates. Add your contacts. “The board and management moved rapidly to secure a partner to maintain health care in our community.”īondholder Preston Hollow Community Capitol of Texas, which invested $41.8 million in Mercy’s 2018 bond series, and Computershare Trust Company wanted Peter Chadwick of Berkeley Research Group to serve as Mercy’s receiver. “The recent actions of one of our largest creditors has significantly and negatively impacted the hospital and resulted in this bankruptcy,” Toney said in a statement. Mark Toney - who Mercy recently appointed as its chief restructuring officer - said a bondholder’s recent demand for a court-appointed receiver played into its moves. In announcing the bankruptcy filing and pending acquisition, Mercy said the hospital and its clinics remain open - with providers continuing to focus on patient care. “As we implement this plan, our dedicated Mercy Iowa City staff remain steadfast in their commitment to provide compassionate care to our community, just as we have since 1873.” Then in April - after Moody’s Investor Service lowered Mercy’s credit rating - the partners again announced plans to terminate their relationship. University of Iowa: Department of Statistics and Actuarial Sciences: Ph.D.Both Mercy and MercyOne in 2021 said they wanted to end the arrangement - as the Iowa City hospital’s finances continued to devolve - although they didn’t because the hospital failed to find a new managing partner or owner. ![]() Journal of Computational and Graphical Statistics University of Iowa: Department of Statistics and Actuarial Sciences: Curriculum Committee University of Iowa: Department of Statistics and Actuarial Sciences: Search Committee for visitor University of Iowa: Department of Statistics and Actuarial Sciences: Social Committee University of Iowa: Department of Statistics and Actuarial Sciences: M.S. Statistical Modelling: An International Journal University of Iowa: Department of Statistics and Actuarial Sciences: Executive Committee ![]() ![]() University of Iowa: Department of Statistics and Actuarial Sciences: Computer Committee University of Iowa: Department of Industrial Engineering: Faculty Search Committee University of Iowa: Department of Statistics and Actuarial Sciences: Colloquium Committee ![]() University of Iowa: Department of Statistics and Actuarial Sciences: Student Awards Committee University of Iowa: Department of Statistics and Actuarial Sciences: Statistical Consulting Center Proceedings of the National Academy of Sciences USA Substance Abuse Treatment, Prevention and Policy Journal of Child and Adolescent Substance Abuse Journal of Racial and Ethnic Health DisparitiesĪlcoholism: Clinical and Experimental Researchĭata Safety Monitoring Board: A Phase I Study of the Biomarker Response and Pharmacokinetic Profile of Thyrotropin-Releasing Hormone (TRH) Administered as a Sublingual TabletĪccelerating the Pace of Drug Abuse Research using Existing DataĪustin Journal of Psychiatry and Behavioral Sciences Data and Safety Monitoring Board: Cognitive Remediation of Cognitive Control in Late-Life Depressionĭata and Safety Monitoring Board: Preventing Prescription Stimulant Diversion and Misuse via a Web-based Simulation InterventionĪmerican Journal of Drug and Alcohol AbuseĮditor Board member and Statistical Advisor ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |