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.

Advertisement

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

Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit

Advertisement

Next Up in Transactions & Valuation Issues

Advertisement

Comments are closed.