Franklin Community, MaineHealth merger gets state approval

Maine’s Department of Health and Human Services has approved Farmington, Maine-based Franklin Community Health Network’s proposed partnership with Portland-based MaineHealth.

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FCHN will officially become the 13th member of MaineHealth on Oct. 1. Financial details of the transaction were not disclosed. FCHN, which includes 65-bed Franklin Memorial Hospital, originally announced in December 2013 that it planned to join MaineHealth, following a six-month long search for a strategic partner.

“Our health system has enjoyed a long-standing clinical collaboration with Franklin and its providers,” said MaineHealth President Bill Caron. “Welcoming Franklin Community Health Network as a member of the MaineHealth family is a natural next step, and we look forward to working together to care for the greater Franklin County community.”

More articles on health system partnerships:
Northwestern Memorial HealthCare, Cadence Health finalize merger
Hudson Valley Hospital to pursue partnership with NewYork-Presbyterian
9 considerations for boards of directors considering a hospital or health system affiliation

 

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