April 26, 2018
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Comments for: EMHS bid for Portland hospital brings questions about effect on patients

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  • 3rd rail

    What will the new name be ?

    ‘Mercy for Profit’ (while hiding behind religion of course)
    I ain’t seen a nun strolling the halls for years now. Religious or not, when you saw a nun you felt comforted. You where not afraid to put that hospital gown on while hanging your pant’s up with your ‘wallet’ still inside.

  • Davida Willette

    why doesnt emmc merge with st joes

  • Anonymous

    Let’s all remember this article the next time that EMHS cries poverty during a nursing strike or a State budget cut. This “non-profit” is doing just fine.

    • Anonymous

      Mercy has lost money the last three years… my guess is that EMHS firmly believes they can turn around Mercy by implementing management systems and processes that have worked for them. This article says nothing about the possible terms of the deal. For all we know it could be a non-cash transaction with EMHS assuming the liabilities of Mercy.

    • Anonymous

      I don’t see from this article that EMHS is buying them, just that Mercy is looking to leverage the help and buying power of a larger healthcare system. I for one would rather them partner with someone in state vs. out of state.

      This is the new era of medicine we are in. Between the State still not paying its bills and the feds cutting reimbursements smaller hospitals just can’t survive without help. I don’t know of any small hospital in the state that hasn’t cozyed up to some System.

  • Reach an agreement by the endof the year? That’s a little over three weeks away! Is this a shotgun wedding with the bride showing and daddy holding the shotgun? Something really, really doesn’t make sense!

    • Anonymous

      Pure speculation on my part, but I think they may be referring to top management fleshing out the broad terms of an agreement by the end of the year. I would suspect that they will require additional time for all the due dilligence that will be required before an actual close takes place.

      • I’m guessing you’re right. The question then is how much money is Mercy losing? If their would be buyer who backed out this week is telling the truth and I see no reason they would have for not doing so, Mercy is in for either a major subsidy from EMHC or drastic service cuts.

        I note that both papers haven’t mentioned that Mercy doesn’t own their Fore River campus as they lease it from a contractor who developed the property for them. EMHC could be forced to drop that lease.

        Maine Health is by far the dominant hospital services provider in the southern and central Maine market. EMHC could be in for a costly and potentially futile battle for market share here.

  • Ben Ayotte

    Most people who think “non-profit”, costs are kept low and so are prices…but the reality is that it just means they can’t “show” a profit, so the money made has to go to some sort of expense, EMHS does it by getting bigger and bigger…not by lowering costs on its services.

  • Guest

    When it was a private equity firm from Boston nobody thought to consider the effects on patients. The practices of private equity firms like Cerberus that sought to buy Mercy have caused extensive damage to health services across the country. I say good riddance to the outside firm and let a Maine business grow.

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