Prime Healthcare Foundation has reached an agreement to acquire Central Maine Healthcare (CMH), including Central Maine Medical Center and several other facilities.
The Prime Healthcare Foundation is a non-profit organization established in 2006 with a mission to improve lives through healthcare and education. It operates 14 hospitals across six states and focuses on reducing healthcare disparities.
The Foundation has invested billions in charity care and community initiatives, promoting health equity and expanding access to compassionate care. By partnering with Prime Healthcare, it aims to provide essential services to underserved communities and enhance medical education.
The acquisition, set to close by 2025, will see Prime invest $150 million in CMH over five years.
“Prime Healthcare Foundation is a steward of a mission to improve lives and uplift communities by ensuring access to the highest quality, compassionate care when people need it the most,” said Kavitha Bhatia, MD, President and Chair of the Prime Healthcare Foundation. “We look forward to welcoming the CMH staff, physicians, patients, and communities to the Prime family. Through our dedication to health equity, clinical quality, and patient-centered, physician-led care, we are deeply committed to ensuring the CMH legacy continues for generations to come.”
The Foundation aims to enhance healthcare access and improve services, continuing CMH’s legacy while expanding its community-driven initiatives.
Rebecca Brakeley, MD, Interim Chief Medical Officer, said, “Prime Healthcare Foundation’s physician leadership shares a relentless focus on quality patient care and a commitment to expanding access to undergraduate and graduate medical education with our 600 medical staff providers.”
Prime Healthcare Foundation hospitals are dedicated to clinical excellence and annually receive national recognition from The Leapfrog Group, Healthgrades, Fortune/Merative, Lown Institute, and other organizations for clinical excellence and patient safety. The CMH facilities will join Prime’s award-winning national health system that currently includes 44 tax-paying and not-for-profit hospitals, more than 300 outpatient locations, and nearly 45,000 employees and affiliated physicians dedicated to providing the highest quality healthcare.
Prime Healthcare is nationally recognized for award-winning quality care and has been named a Top 10 and Top 15 Health System by Truven Health Analytics.
Prime Healthcare was named as one of America’s Greatest Workplaces for 2024 by Newsweek showcasing its environment where diverse backgrounds and identities are valued and celebrated.
Its hospitals have been named among the nation’s “100 Top Hospitals” 69 times and have received more Patient Safety Excellence Awards from Healthgrades than any other health system for eight years (2016-2023).
Over the last two years, Prime Healthcare received more than 600 awards from national organizations such as The Leapfrog Group, U.S. News & World Report, and the Lown Institute, which honored Prime Healthcare as a “Top 10 Health System” in the nation for health equity and social responsibility.
CMH hospitals will retain their current names and leadership, with Prime focused on providing high-quality, compassionate care to the region.
Reference News:- Prime Healthcare Foundation Expands Mission with Addition of Central Maine Healthcare
