MID Coast Hospital

“Mid Coast-Parkview Health (MCPH) shall be the Organization's sole member with all rights and responsibilities of membership, including all voting rights.”

“At each annual meeting of the sole member, the sole member shall elect directors to hold office until the election and qualification of their respective successors. The directors shall be persons who have demonstrated an interest in the Organization's goals and objectives and, to the extent reasonably feasible, shall represent the Mid-Coast area. To the extent feasible, all directors serving on the Organization's board of directors shall be persons who also serve on the board of directors of MCPH.”

“The business and affairs of the Organization shall be conducted and managed by its board of directors which shall exercise all of the powers of the Organization. The board of directors shall approve an annual operating budget, develop a long-term capital expenditure plan and, through its own committees or the committees of its sole member, monitor the implementation of the plan. Notwithstanding the foregoing, the directors shall not submit any application for a certificate of need to the Maine Department of Health and Human Services, or incur any long-term debt without the approval of MCPH as the sole member. The board of directors may delegate such powers as it sees fit to committees and officers of the Organization.”

“The Form 990 is prepared by an independent public accounting firm with the assistance of information provided by key financial staff. An initial draft is reviewed in detail by key financial staff. Once any changes are incorporated, a draft copy is presented to the Board and copies are provided upon request. For the Form 990 for September 30, 2019, the Board was provided copies of the return after it was filed with the IRS.”

“The Hospital has a compliance committee that meets on a quarterly basis to review any compliance issues that may arise.”

“An independent consultant prepares a market analysis at the regional level for all officers and key employees of the Organization. Compensation is also approved by the board and/or compensation committee annually.”

“The Organization makes its governing documents, conflict of interest policy and audited financial statements available to the public upon request.”

“Dr. Patrick Keaney was listed on prior Form 990s of the Organization as an officer due to his role as being the Medical Staff President. Dr. Keaney did not serve in this capacity during the fiscal year and therefore has not been listed as a current officer in Form 990, Part VII. He remains employed by the Hospital as a physician and has been indicated as a former officer in Part VII in accordance with IRS instructions. The compensation and benefits reported for him in Part VII as well as Schedule J, Part II represents compensation for his continued services as a physician and do not reflect payments in his capacity as a former officer.”

“The audit process has not changed from the prior year.”

“In June 2019, the Boards of Mid Coast Parkview Health (MPHC) and MaineHealth (MH) voted and agreed to an integration plan and, in September 2019, an interim definitive agreement was executed to formalize this plan. The integration plan contemplates that MCPH and MH will execute a series of corporate transactions, the result of which will be that MCPH's Mid Coast Hospital will merge into MH, and specified subsidiaries (as listed in Schedule R) of MCPH will become subsidiaries of MH. The execution of the integration plan is subject to confirmatory due diligence and approval by state and federal agencies.”