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Providing Solutions On Your Path to Innovation

Achieving Success When Selling to the World’s Largest Buyer

Providing Solutions On Your Path to Innovation

Achieving Success When Selling to the World’s Largest Buyer

Providing Solutions On Your Path to Innovation

Achieving Success When Selling to the World’s Largest Buyer

Providing Solutions On Your Path to Innovation

Achieving Success When Selling to the World’s Largest Buyer

Providing Solutions On Your Path to Innovation

Achieving Success When Selling to the World’s Largest Buyer

Federal Tax Reform: Opportunity Zones

Community Revitalization by Rewarding Private Investment

Section 199A Deduction for Pass-Through Entities

A Deduction of Up to 20% of Qualified Business Income

THIncIT

Leveraging Technologies to Improve 
Efficiency

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Cherry Bekaert

Seven Maine Hospitals to Merge Next Year

In a move similar to independent hospitals across the U.S., seven hospitals in Maine are consolidating into a single nonprofit entity. Effective January 1, 2019, MaineHealth will consist of the following hospitals:

  • Maine Medical Center (Portland, ME)
  • Biddeford-based Southern Maine Health Care (Biddleford, ME)
  • LincolnHealth (Damariscotta, ME, and Boothbay Harbor, ME)
  • Coastal Healthcare Alliance (Rockport, ME)
  • Western Maine Health (Norway, ME)
  • Franklin Community Health Network (Farmington, ME)
  • Maine Behavioral Healthcare in (South Portland, ME)

Declining revenue, insufficient healthcare staff and mounting costs were reasons given for the merger. MaineHealth will be governed by a board of trustees, include over 19,000 employees and have over $3 billion in revenue.

The full story on MaineHealth is available on the Nonprofit Quarterly website. If you need nonprofit guidance, reach out to Cherry Bekaert’s Nonprofits group.