University of Iowa Health system made a final bid of $28 million in its ultimately unsuccessful attempt at buying bankrupt Mercy Iowa City hospital, according to Becker’s.
The Iowa City-based health system would also have invested north of $25 million in “immediate facility upgrades,” the report added, citing Denise Jamieson, MD, UI Health Care’s vice president for medical affairs.
Instead, the university lost out to bondholder Preston Hollow Community Capital, whose bid amount has not been disclosed. Read more.
