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Mayo Regional, Northern Light move forward with deal: 3 things to know

Mayo Regional Hospital in Dover-Foxcroft, Maine, and Northern Light Health in Brewer, Maine, received a key approval to create Maine's second-largest healthcare system, according to Mainebiz.

Three things to know:

1. On June 11, the state legislature approved a resolution to make the semi-government agency that owns and operates Mayo a nonprofit corporation owned by Northern Light.

2. Democratic Gov. Janet Mills has 10 days to sign the bill. If passed, the bill would be a key next step for Northern Light to grow its nine-hospital system to 10.

3. Northern Light and Mayo Regional announced their proposed combination in February.

More articles on transitions and valuations:
U of Louisville won't buy Jewish Hospital from CHI
New York hospital acquires 2 family medicine practices
Tampa General teams up with urgent care provider

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