In a move similar to independent hospitals across the U.S., seven hospitals in Maine are consolidating into a single nonprofit entity. Effective January 1, 2019, MaineHealth will consist of the following hospitals:
- Maine Medical Center (Portland, ME)
- Biddeford-based Southern Maine Health Care (Biddleford, ME)
- LincolnHealth (Damariscotta, ME, and Boothbay Harbor, ME)
- Coastal Healthcare Alliance (Rockport, ME)
- Western Maine Health (Norway, ME)
- Franklin Community Health Network (Farmington, ME)
- Maine Behavioral Healthcare in (South Portland, ME)
Declining revenue, insufficient healthcare staff and mounting costs were reasons given for the merger. MaineHealth will be governed by a board of trustees, include over 19,000 employees and have over $3 billion in revenue.
The full story on MaineHealth is available on the Nonprofit Quarterly website. If you need nonprofit guidance, reach out to Cherry Bekaert’s Nonprofits professionals.
