MARSHALLTOWN, Iowa (AP) - Marshalltown’s struggling hospital has filed for bankruptcy protection from creditors as it reorganizes for a sale.
Central Iowa Healthcare asked the court in its Tuesday bankruptcy filing to approve a plan to sell substantially all of its assets to UnityPoint Health - Waterloo, an affiliate of UnityPoint Health.
Under the bankruptcy plan, all of Central Iowa’s operations would operate without interruption. The operations include the 49-bed hospital, emergency department, primary care clinics in Conrad, Marshalltown, State Center and Tama-Toledo, and its outpatient center.
Hospital officials have blamed billing difficulties for much of the financial trouble that led to millions of dollars in losses over the past three years.
Please read our comment policy before commenting.