Marshalltown hospital files for bankruptcy
December 21st, 2016 by Ric Hanson
After suffering financial problems for some time, Central Iowa Healthcare in Marshalltown has filed for bankruptcy. As part of the filing, C-I-H asked the court to approve a plan to sell substantially all of the C-I-H assets to UnityPoint Health – Waterloo, an affiliate of UnityPoint Health. Under the plan, all of C-I-H’s healthcare operations including the acute care hospital, emergency department, four primary care clinics, and outpatient center will operate without interruption during this time and after completion of the proposed sale transaction.
C-I-H has asked the court to approve a financing arrangement where UnityPoint Health of Waterloo has offered to support C-I-H’s operations during the bankruptcy proceeding and pending the sales transaction which is targeted for the late first quarter of 2017.
(Radio Iowa)