Hospital officials say finances not a motive behind proposed Parkview takeover

Bangor Daily News, September 24, 2012

Financial turbulence at Parkview Adventist Medical Center in recent years has nothing to do with a bid by Central Maine Healthcare to take the Brunswick hospital over, according to officials on both sides of the proposed acquisition. Parkview Interim President Randee Reynolds said Parkview posted a $1 million revenue surplus in 2011—and he said in-the-black operations have continued so far this year—and is current on its loan payments to CMHC. Reynolds said a major factor in the return to profitability was a recent electronic medical records project which has reduced costs and resulted in anticipated refunds from the state of almost $3 million.


MOST POPULAR

SPONSORED REPORTS
SPONSORED HEADLINES

SIGN UP

FREE e-Newsletters Join the Council Subscribe to HL magazine

SPONSORSHIP & ADVERTISING

100 Winners Circle Suite 300
Brentwood, TN 37027

800-727-5257

About | Advertise | Terms of Use | Privacy Policy | Reprints/Permissions | Contact
© HealthLeaders Media 2014 a division of BLR All rights reserved.