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Regents approve UI-Mercy Hospital acquisition with few questions asked

By The Gazette  
   August 10, 2023

The Board of Regents unanimously approved Tuesday a University of Iowa request to buy most of Iowa City-based Mercy Hospital’s assets for $20 million — without asking questions about the deal’s finances, including how the price was determined, where the money will come from and what will happen with the $63 million Mercy owes on publicly-issued bonds.

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