BRUNSWICK — Chief U.S. Bankruptcy Judge Peter Cary on Thursday signed off on the merger of Parkview Adventist Medical Center and Mid Coast Health Services, and the sale of Parkview was scheduled for later on Thursday.
Mid Coast Health Services spokesman Steve Trockman confirmed the court decision and pending sale on Thursday.
Officials from both hospitals will offer further details at a news conference scheduled for Friday morning at Parkview, Trockman said.
Parkview Adventist Medical Center filed for voluntary Chapter 11 bankruptcy protection June 15.
The hospital’s “pre-packaged” bankruptcy plan involves merging with nearby Mid Coast Hospital to form a new Mid Coast-Parkview Health System.
A key component of Parkview’s reorganization is the private sale of much of its property to Mid Coast, which must be approved by the bankruptcy court.
Central Maine Healthcare Corp. of Lewiston, which previously tried to acquire Parkview in 2013, has objected to the sale.
CMHC also contends that Parkview owes it, as well as its affiliate, Central Maine Medical Center, upwards of $13 million in claims.
Send questions/comments to the editors.
Success. Please wait for the page to reload. If the page does not reload within 5 seconds, please refresh the page.
Enter your email and password to access comments.
Hi, to comment on stories you must . This profile is in addition to your subscription and website login.
Already have a commenting profile? .
Invalid username/password.
Please check your email to confirm and complete your registration.
Only subscribers are eligible to post comments. Please subscribe or login first for digital access. Here’s why.
Use the form below to reset your password. When you've submitted your account email, we will send an email with a reset code.