MaineHealth hospitals to consolidate into $3B nonprofit system

The hospitals that make up Portland, Maine-based MaineHealth will become a single nonprofit entity beginning Jan. 1, according to The NonProfit Times.

The newly consolidated system, two years in the making, will have nearly 19,000 employees and over $3 billion in annual revenue.

Portland-based Maine Medical Center; Biddeford-based Southern Maine Health Care; LincolnHealth in Damariscotta and Boothbay Harbor; Coastal Healthcare Alliance in Rockport;  Norway-based Western Maine Health; Farmington-based Franklin Community Health Network; and Maine Behavioral Healthcare in South Portland, will be governed by a single board of trustees, though other local boards will have some input.

"Unification strengthens Southern Maine Health Care from a healthcare delivery, financial and sustainable perspective," said Nate Howell, CEO of Southern Maine Health Care. "By bringing the members together, resources can now flow more easily between various parts of the healthcare system. We are proud to be part of a system that can provide all levels of care to our patients."

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