On Oct. 11, we announced that we were unsuccessful in our attempt to acquire Mercy Iowa City as part of its bankruptcy process. It was not the outcome that we had hoped for, but our commitment to preserving access to health care and jobs locally has not waned.      

Recent events related to the ownership of Mercy Iowa City have unfolded quickly and the bondholder determined its previously selected bid was not financially viable. Mercy agreed with the bondholder’s conclusion and, as a result, declared the university’s bid as the winning offer.

We are very pleased that the university’s renewed bid has been selected by Mercy Iowa City. This long-time hospital has had a significant impact on our community, and we are gratified that we will be able to honor its 150-year history as an anchor of care in eastern Iowa. 

Although today’s selection of the university’s bid is a significant step forward, there is still plenty of work to be done. The next step is the approval of the selected bid by the bankruptcy court.   

We will continue to provide updates throughout the remainder of this process, and we look forward to providing stronger access to health care for Iowans.