WRH rebrands as Wendler Inc., plans move to Cedar Rapids’ NewBo District
CBJ News Staff
Mercy Iowa City seeks $55M from MercyOne, recovery of ‘fraudulent transfers’
Complaint also names former Mercy CEO and Iowa Heart Center
An employee of Latitude Signage + Design dismantles the Mercy Iowa City sign at the Market Street entrance on Jan. 31, 2024. CREDIT ANNIE BARKALOW
The oversight committee managing Mercy Hospital Iowa City’s bankruptcy estate has filed an adversary proceeding against MercyOne, the hospital’s former managing partner, seeking to recover “at least $55 million in damages caused to (Mercy Iowa City) by the defendants.”
The Mercy Hospital Liquidation Trust Oversight Committee alleges that MercyOne reneged on promised services the hospital paid millions of dollars for and didn’t follow through on a “strategic affiliation” that was…
Want to Read More?
Get immediate, unlimited access to all subscriber content and much more.
Learn more in our subscriber FAQ.
Unparalleled business coverage of the Iowa City / Cedar Rapids corridor.Immediate access to subscriber-only content on our website.26 issues per year delivered digitally, in print or both.Support locally owned and operated journalism.
Do you want to read and share this article without a paywall?
Read More Stories by Annie Smith Barkalow.
YOU MIGHT ALSO LIKE
Iowa City’s literary mission endures
Guest column
