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Mercy Iowa City plan near confirmation after months of talks
Mercy Iowa City moves toward court confirmation of a Chapter 11 liquidation plan after months of negotiations with secured bondholders unsecured creditors and MercyOne amid disputes over broad releases and potential future litigation MercyOne opposes arguing the plan releases too many parties while unsecured creditors support concessions and a gradual payout mix involving 60 percent of future recoveries to unsecured claimants.
MENTIONED IN THIS ARTICLE
Mercy Iowa City
Mercy
Mark Toney
Pension Trust
MercyOne
Mercy Foundation
Sisters of Mercy
Toney
Simon
Iowa City
UnityPoint Health Network
West Des Moines
Iowa City Hospital
Community Hospital
University of Iowa
Andrew Sherman
Sherman
Pears
Mercy One
Collins
David Goroff
Goroff