Central Iowa Healthcare's bankruptcy case extended

Marshalltown-based Central Iowa Healthcare's bankruptcy case was originally set to conclude March 3, but that date has been pushed back to March 17, according to the Times-Republican.

CIH, which includes a 49-bed acute care hospital, an outpatient center and four primary care clinics, filed for bankruptcy in December. As part of its bankruptcy filing, CIH submitted a plan to sell the bulk of it assets to UnityPoint Health-Waterloo (Iowa), an affiliate of West Des Moines, Iowa-based UnityPoint Health.

CIH's bankruptcy attorneys originally established March 3 as the date for CIH's assets to be sold. However, after receiving a request for an extension from the Official Committee of Unsecured Creditors and U.S. Bankruptcy Court Trustees, the asset sale date was pushed back to March 17.

The extension will allow all interested parties to bid on CIH's assets. A hearing to approve a sale to the highest bidder will be March 17.

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