After a prolonged battle for patients in the midcoast area, Parkview Adventist Medical Center has filed for bankruptcy and intends to merge with its former rival, Mid Coast Health Services of Brunswick, Maine, the Portland (Maine) Press Herald reported today. Parkview said yesterday that its chapter 11 filing includes a plan to merge with Mid Coast. The two hospitals for years have vied for leadership in the Brunswick, Bath and Topsham, Maine region, and in its filing, Parkview suggested that Mid Coast has been winning more patients. Under the proposal, inpatient and emergency services will be consolidated at the Mid Coast campus. Read more.
For further analysis of hospital bankruptcies and health care insolvency, be sure to pick up a copy of the ABI Health Care Insolvency Manual, Third Edition.