The Pending Sale of Parkview Adventist Medical Center

  • Tuesday, August 4, 2015

Print This Page Share

Parkview Adventist Medical Center, a 55-bed hospital located in Brunswick, Maine, filed for relief under Chapter 11 of the United States Bankruptcy Code on June 16, 2015. The reason reported by Parkview in its filings with the court was changing circumstances. Front and center as a cause of the filing was a decrease in inpatient and emergency department-related services and an increase in health care costs. Currently, a potential sale to Mid Coast Hospital is pending and scheduled for a hearing on August 18, 2015, in the United States Bankruptcy Court for the District of Maine, but it still may be possible for other interested parties to get involved.

Whether you operate a hospital or a long-term care facility, costs of care and competition are on the rise. Parkview is a lesson in the need to remain nimble in your marketplace and to streamline your business and maximize efficiency. Devine Millimet can help you accomplish these goals. We provide assistance to our clients with their day-to-day legal issues, as well as their regulatory, legislative, administrative, and litigation needs. Our team is experienced in the state and federal laws that uniquely apply to the healthcare industry. Our attorneys are able to address regulatory and compliance issues (Stark, Anti-Kickback, etc.), HIPAA, EMTALA, medical staff and employment issues, reimbursement matters (e.g. Medicare and Medicaid), managed care contracting, certificate of need issues, and risk management and professional liability matters. Our experience also extends into more generalized laws that affect the healthcare industry, such as nonprofit corporate law, charitable trust law, real estate, financing, antitrust, and state and federal tax law. We can also draft admissions agreements and design intake procedures to maximize your ability to collect on costs of care and our collections team can keep revenue flowing. Our Bankruptcy and Creditors’ Rights practice group can even assist you in the acquisition of other facilities, such as Parkview, where your successes translate into expansion. We are uniquely positioned to help you not only survive, but thrive, in changing circumstances.

Judith Feinberg Albright

Of Counsel

603-695-8522
Send an Email

Mark D. Attorri

Of Counsel

603-695-8525
Send an Email

David H. Barnes

Shareholder

603-695-8500
Send an Email

Paul J. Bauer

Associate

603-695-8548
Send an Email

Steve Cohen

Shareholder

603-695-8504
Send an Email

Catherine B. Cosgrove

Of Counsel

603-695-8652
Send an Email

Robert E. Dunn, Jr.

Shareholder & Director of Legislative and Governmental Affairs

603-410-1704
Send an Email

Bradley D. Holt

Of Counsel

603-695-8638
Send an Email

Jonathan A. Lax

Of Counsel

603-695-8589
Send an Email

Renelle L. L'Huillier

Shareholder

603-410-1709
Send an Email

Patricia M. McGrath

Shareholder

603-695-8537
Send an Email

Elaine M. Michaud

Shareholder

603-695-8546
Send an Email

Brendan P. Mitchell

Shareholder

603-695-8738
Send an Email

Pete W. Mosseau

Shareholder

603-695-8519
Send an Email

Margaret "Peg" O'Brien

Shareholder

603-695-8631
Send an Email

Charles R. Powell III

Shareholder

603-695-8736
Send an Email

Thomas Quarles, Jr.

Shareholder

603-695-8641
Send an Email

Teresa R. Rosenberger

President of Devine Strategies

603-410-1702
Send an Email

Anne G. Scheer

Of Counsel

603-410-1708
Send an Email

Kierstan E. Schultz

Associate

603-695-8551
Send an Email

Jon B. Sparkman

President & Shareholder

603-695-8507
Send an Email

Charles R. Powell III

Shareholder

603-695-8736
Send an Email

Related Services