A local medical provider is being sold, with leadership citing a challenging past year. Grand River Medical Group signed a letter of intent for the sale with an unnamed “major health care entity,” according to a letter Grand River Medical Group CEO Kayla Hopson sent to staff Friday. The letter says the preliminary agreement with the unnamed buyer will allow Grand River Medical Group to continue working in its current capacity while “stabilizing our business challenges.” Hopson said in the letter that Grand River Medical Group and the potential buyer share the goal of retaining all employees in the transfer. She said more information will be provided as the process continues. The statement did not include a timeline for the sale or if it will impact operations beyond plans to keep all staff.
The announcement comes a year after Grand River Medical Group laid of 52 employees on Feb. 1, 2024, and subsequently closed its clinic in Cascade, Iowa. Recently, the Dubuque health care provider announced plans to stop providing hospitalists to UnityPoint Health-Finley Hospital and then announced it was pulling out of offering inpatient pediatric care at the hospital.
