MCHS Approves $400K Settlement With Raistone Capital

Morton County Health Systems approved a $400,000 Chapter 7 bankruptcy settlement with Raistone Capital LLC, resolving claims under a 2022 ERC Receivables Purchase Agreement and terminating the prior agreement. The settlement will be paid in two installments following Bankruptcy Court approval while allowing the hospital to retain all proceeds from its pending IRS ERC appeal.

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 that terminates the November 2022 ERC Receivables Purchase Agreement upon effectiveness; no renewals or extensions 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 Capital Llc 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 Capital Llc contract with Morton County Hospital worth?

The Raistone Capital Llc 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 Capital Llc hold?

Raistone Capital Llc 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 Capital Llc'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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