The state’s health and human services department recommended that Dover-Foxcroft, Maine-based Mayo Regional merge with the larger hospital system in Brewer, Maine, because of Mayo’s financial difficulties. Mayo Regional has had operating losses every year since 2010, according to the report.
In a 72-page report, Maine regulators recommended that the health and human services commissioner Jeanne Lambrew approve the merger.
The preliminary report supporting the merger will undergo a 10-day public comment period, after which, the state will make its final decision. The process may take three to four months.
More articles on healthcare industry transactions:
UPMC acquires second hospital in Ireland
Sanford Health, UnityPoint nix $11B merger
HCA divests long-term care hospital in Texas
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
