Pricey legal bill for work on Iowa City hospital’s bankruptcy case
November 10th, 2023 by Ric Hanson
(Radio Iowa) – A court-appointed trustee says a Chicago law firm submitted a shocking, 922-thousand dollar bill for its work as Mercy hospital in Iowa City worked its way through bankruptcy court. The Cedar Rapids Gazette reports the trustee has recommended that a judge review the bill to see if it’s reasonable and necessary.
Late last month, the court announced the University of Iowa’s 28 MILLION dollar bid to buy Mercy hospital had been accepted as the best offer. That reversed a previous announcement that the hospital had been acquired by a Texas finance company that was the hospital’s largest creditor.