Central Iowa Healthcare Restructures and Joins UnityPoint Health
Juniper Advisory was engaged by the Board of Central Iowa Healthcare (CIH), an acute care nonprofit hospital in Marshalltown, IA, and the Creditors’ Committee to assist leadership in the assessment of partnership opportunities. Following a period of financial distress, including worsened leverage, liquidity, profitability, and collections, Juniper led the debtor in possession through a sale process pursuant to 11 U.S.C. § 363. The transaction allowed the hospital to remain open and retain hundreds of important jobs for the local community. Ultimately, CIH became part of UnityPoint Health, a 19-hospital health system which spans Iowa, Illinois, and Wisconsin. The transaction was awarded one of the The M&A Advisor’s Turnaround Sec. 363 Sales of the Year.