Since yesterday morning, there have been a few rumors floating around about lay-offs and job eliminations surrounding Ozarks Healthcare, and an official announcement has been released to the public as of just before 5pm yesterday.
Under proposed revisions to bankruptcy procedures for the sale of Mercy Iowa City, the 150-year-old community hospital might not remain a health care facility, might not go for $20 million, won’t give the University of Iowa the “bid protections” it once offered for the purchase and won’t be completed this month.
A financially struggling Delta hospital received another bit of bad news: its application for a federal designation that would bring in more money has been initially denied.
When Prospect Medical Holdings Inc. bought Delaware County Memorial Hospital, it promised a return to profitability that would ensure long-term sustainability. Seven years later, the hospital is closed, Prospect is in debt and a community group is suing.
A small independent critical-access hospital in western Clinton County with financial issues has created a GoFundMe page with a goal of $1.5 million. The “Your Community, Your Hospital, Your Choice. Help!” page was the idea of a board member, Timothy J. Reeves, president and CEO of the Bucktail Medical Center, said Wednesday.