Mercy Iowa City (Iowa) hospital is undergoing a rebrand as it parts ways with parent company, West Des Moines, Iowa-based MercyOne, The Gazette reported May 10.
Mercy has brought on a team from management firm ToneyKorf Partners to oversee the restructuring. Moody's recently downgraded the hospital's credit rating due to "severe cash flow deterioration."
The new name and the timing of its release have yet to be unveiled. "When there is something new to share, we will let you know,” hospital spokeswoman Lisa Steigleder told the newspaper.