BRUNSWICK — Parkview Adventist Medical Center today filed a petition for Chapter 11 bankruptcy relief.
Citing “years of change in the health care industry and increasing financial challenges,” the nonprofit hospital filed in U.S. Bankruptcy Court in Portland for a proposed “pre-packaged” reorganization that would have it consolidate with Mid Coast Hospital.
Under the plan, Parkview’s campus would be retained for physician practices, a walk-in clinic, and certain lab and surgery services. All inpatient and emergency services would be moved to the Mid Coast campus, 123 Medical Center Drive, at Cook’s Corner.
Parkview is a major employer in the Brunswick area, with 196 employees, according to a press release. The hospital said its reorganization plan with Mid Coast will allow it to preserve all full- and part-time jobs.
Parkview will close its emergency department and acute inpatient care at 329 Maine St. on Thursday night, June 18.
In initial court documents Parkview listed assets and liabilities of between $10 million and $50 million.