Sponsored by VMG Health | info@vmghealth.com | 214.369.4888

Why a Maine hospital is buying a pizza shop

Maine Medical Center, a 637-bed facility in Portland, will buy local restaurant Pizza Villa as part of its $512 million expansion project, the Portland Press Herald reports.

Hospital officials said the institution entered into a purchase agreement with Pizza Villa owners Tony and Phil Regios to acquire the shop and its three-story building for an undisclosed price. The hospital, which will also help find a new operator for the restaurant, expects to close on the deal in March 2019.

"We've been a part of this community for a long time, and we'd like to thank all our customers and friends who have come through our doors over the years," Tony Regios said in the prepared statement obtained by the Portland Press Herald. "The medical center was the logical organization for us to sell to. They are very interested in seeing the business continue to operate and thrive."

Zoning laws governing the hospital's expansion stipulate the first floor of the Pizza Villa building house "community oriented/retail uses," the report states.

The expansion project aims to add three floors to the hospital's visitor garage, two floors to the hospital's east tower, 128 single-occupancy patient rooms, and 19 procedure rooms for surgery and other treatments.

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Articles We Think You'll Like

 

Featured Whitepapers

Featured Webinars