Marshalltown hospital seeks bankruptcy protection - KWWL - Eastern Iowa Breaking News, Weather, Closings

Marshalltown hospital seeks bankruptcy protection

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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.

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