Texas firm, not UI, wins bid for Iowa City hospital

An investment firm has outbid the University of Iowa in the bankruptcy court auction of Mercy Hospital in Iowa City. Texas-based Preston Hollow Community Capital had invested nearly $42 million in Mercy Iowa City in 2018. Preston Hollow has announced a California company with experience in rehabilitating hospitals around the country will step in and […]

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May unenployment holds at 2.8%

The jobs numbers are out for May and Iowa Workforce Development director, Beth Townsend, says they are positive. “The unemployment rate