Prime Healthcare Foundation has acquired Central Maine Healthcare, expanding its network to 21 hospitals and committing $150 million over five years to enhance healthcare access and quality in the region.

Information on the target

Central Maine Healthcare (CMH) has officially joined the Prime Healthcare Foundation (PHF), marking a significant expansion of PHF's national footprint to 21 hospitals. This integration includes a diverse range of facilities such as Central Maine Medical Center, Bridgton Hospital, Rumford Hospital, and over 40 physician practices. The transaction represents one of the most substantial healthcare investments in Maine's recent history, aimed at enhancing medical education, quality of care, and access to healthcare services in the region.

As the sole corporate member and parent organization of CMH, Prime Healthcare Foundation is committed to maintaining the integrity of CMH's operations while leveraging its extensive resources and expertise to improve healthcare delivery. The Foundation's mission encompasses not only the provision of high-quality care but also the promotion of health equity and community well-being.

Industry overview in the target’s specific country

The healthcare industry in the United States is characterized by a complex landscape of providers, payers, and regulatory bodies, with a growing emphasis on quality, accessibility, and cost-effectiveness. In recent years, the industry has faced significant challenges,