MCHS Settles Bankruptcy Claims With Raistone Financial

Morton County Health Systems approved a $400,000 settlement resolving Chapter 7 bankruptcy claims involving Raistone Financial Corp., to be paid in two installments after court approval. The agreement terminates the prior ERC receivables arrangement and secures a full release of claims while preserving the hospital’s rights to any IRS ERC appeal proceeds.

Scope & details

The full contract record, as filed.

Contract amount

$400,000 (two installments of $200,000 each)

Contract type

OTHER

Contract term

Two payments: $200,000 within 30 days of Bankruptcy Court approval and $200,000 within 90 days of Bankruptcy Court approval

Renewal

This is a one-time settlement associated with termination of the Raistone Agreement; no renewal or extension provisions apply.

Document type

Minutes

Source document

Morton County Health Systems, Inc. Minutes of the Board of Trustees 2026-07-02

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by Morton County Hospital?

Raistone Financial Corp was awarded this government contract by Morton County Hospital, as recorded on July 2, 2026. The contract value is $400,000 (two installments of $200,000 each).

How much is the Raistone Financial Corp contract with Morton County Hospital worth?

The Raistone Financial Corp contract with Morton County Hospital is valued at $400,000 (two installments of $200,000 each).

What type of contract is this?

This is a government contract, documented as a minutes record.

Where was this contract approved?

This contract appears in Morton County Health Systems, Inc. Minutes of the Board of Trustees 2026-07-02 (Minutes), dated July 2, 2026 from Morton County Hospital. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Raistone Financial Corp hold?

Raistone Financial Corp may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Raistone Financial Corp's profile

What is Morton County Hospital currently buying?

Explore Morton County Hospital's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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