Leaders of a Marshalltown hospital are moving ahead with selling the facility as part of bankruptcy proceedings, the Associated Press reported yesterday. The sale of Central Iowa Healthcare’s (CIH) assets to Unity Point Health-Waterloo was unanimously approved by corporate members at a Tuesday meeting. Unity Point Health-Waterloo offered $12.5 million for the assets. CIH members also outlined the loss of more than $18 million as of Nov. 30, 2016. If the sale is approved by bankruptcy court, the downtown Marshalltown hospital will no longer be an independent hospital. The hospital is the only full-service medical center in its area and has more than 60,000 residents depending on it for health care services. A second measure approved at the Tuesday meeting retains 13 trustees until the end of the bankruptcy proceeding.
