Vanessa Miller in The Gazette:
Nearly two months after a bankruptcy judge confirmed a liquidation plan for the former Mercy Iowa City’s tens of millions in assets, secured bondholders “have yet to receive a single ‘effective date’ distribution” of cash.
And those bondholders — Preston Hollow Community Capital and Comptershare Trust Company — are asking the judge to get involved before the money available dwindles further.
Previously on Healthcare Shouldn’t Be Profit Driven: Public hospital system saves local healthcare facility from private loan sharks.
Cry me a river.