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Mid Coast Hospital purchases Parkview medical center

Parkview Adventist Medical Center (Brunswick, Maine), which filed for Chapter 11 bankruptcy relief Tuesday morning, will be purchased by Mid Coast Hospital (Brunswick, Maine), according to a Bangor Daily News report.

The purchase is part of a "prepackaged bankruptcy plan" that will preserve all full-time and part-time jobs at Parkview.

The hospitals have not revealed the purchase price.

"After years of change in the healthcare industry and increasing financial challenges, Parkview has reached a point where it can no longer serve its mission as a standalone hospital and is now seeking a new opportunity with Mid Coast Hospital to advance a common vision to serve the local needs of midcoast Maine long into the future," Bob Cundiff, chairman of the board of directors of Parkview, said in a statement.

Inpatient and emergency services will be consolidated on the Mid Coast campus, while the Parkview campus will host physician practices and a walk-in clinic, in addition to radiology, laboratory, ambulatory testing and surgery, oncology, hematology, infusion services, physical, occupational and speech therapy services, and community health and wellness programs.

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