Bradshaw Law

Bradshaw, Fowler, Proctor & Fairgrave, P.C. Confirms Chapter 11 Plan in Regional Hospital Bankruptcy

February 9, 2018

On February 9, 2018, the United States Bankruptcy Court for the Southern District of Iowa confirmed the Chapter 11 Plan of Liquidation for Central Iowa Healthcare, a mid-sized hospital and clinic system based in Marshalltown, Iowa, with a reach through three central Iowa counties. Bradshaw, Fowler, Proctor & Fairgrave, P.C., led by Jeffrey D. Goetz, served as General Reorganization Counsel and led the engagement from filing through plan confirmation. Jeff was assisted in the engagement by Bradshaw associate Krystal R. Mikkilineni. In May 2017, Bradshaw led the Debtor through a sale of substantially all of its assets to Allen Health Systems, Inc. d/b/a UnityPoint Health – Waterloo, a transaction that allowed the hospital and clinics to remain open, saved hundreds of regional jobs, and won M&A Advisor’s 363 Sale of the Year award ($10 million - $25 million) for 2017.

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