Central Maine HealthCare based in Lewiston has requested a suspension, up to 12 months, on its application to acquire Brunswick, Maine-based Parkview Adventist Medical Center, citing its need to complete a feasibility study of Parkview's services, according to a report by the Lewiston-Auburn Sun Journal.
The news was not well-received by Parkview competitor Mid Coast Hospital in Brunswick, which also has made moves to acquire the 55-bed Parkview but has been blocked for now by state regulators who refused to examine competing proposals claiming state law bars them from doing so.
CMH filed a letter of intent to acquire Parkview in 2008 but allowed it to expire a year later after public protest. It tried again in June 2012 and submitted a full application in August, with lots of public sentiment on both sides of the issue, according to the Sun Journal.
5 Initiatives Healthcare CEOs Are Focusing On
CHS' 4Q Profit More Than Doubles to $62.6M
The news was not well-received by Parkview competitor Mid Coast Hospital in Brunswick, which also has made moves to acquire the 55-bed Parkview but has been blocked for now by state regulators who refused to examine competing proposals claiming state law bars them from doing so.
CMH filed a letter of intent to acquire Parkview in 2008 but allowed it to expire a year later after public protest. It tried again in June 2012 and submitted a full application in August, with lots of public sentiment on both sides of the issue, according to the Sun Journal.
More Articles on Hospital Acquisitions:
CHS Plans to Acquire 3-4 Hospitals in 20135 Initiatives Healthcare CEOs Are Focusing On
CHS' 4Q Profit More Than Doubles to $62.6M