AUGUSTA On the outskirts of Augusta on Friday, officials from the MaineGeneral Health system will break ground on a brand new $322 million hospital. The 192-bed facility is scheduled to open in 2014 and will replace three smaller, aging MaineGeneral hospitals in the region the Thayer and Seton facilities in Waterville and the former Augusta General Hospital in Augusta. The new hospital will feature all private inpatient rooms,10 operating rooms, and the latest in imaging, diagnostic and therapeutic technologies. The MaineGeneral project is funded through a $35 million donation from the Harold Alfond Foundation and more than $280 million in 30- year bonds sold through the Maine Health and Higher Educational Facilities Authority. It won the approval of the states Certificate of Need off...
A quasi-state authority that borrows money on behalf of hospitals and higher education facilities voted Friday to ask for bids from financial advisors who could recommend ways of saving money. At the urging of state Treasurer Bruce Poliquin, the Maine Health and Higher Educational Facilities Authority voted to seek bids from independent financial advisors who would compete for a short-term contract to review recent bond sales. The advisor would be expected to examine whether the cost of issuing the bonds could be lowered.
BANGOR, Maine -- Eastern Maine Medical Center is selling nearly $150 million in bonds to finance the first phase of an expansion that will add 65 beds to its campus. The bonds will be sold this week through the Maine Health and Higher Educational Facilities Authority.
AUGUSTA - A $31 million bond package sponsored by a little-known quasi-state government body has stalled after Gov. Paul LePage's decision not to approve it. The decision highlights a fundamental shift in how the executive branch views debt in the state and has implications for agencies that issue bonds to help fund such things as college loans, low- income housing, and hospital and school expansions.
The Maine Health and Higher Educational Facilities Authority...
BREWER - Standard & Poor's financial services agency has downgraded Eastern Maine Healthcare Systems' credit rating from A- plus to A-minus, largely based on the more than $115 million in backlogged Medicaid payments owed to the seven EMHS member hospitals by the state of Maine. In addition, EMHS has experienced "weakening profitability" for the last three years and is operating at a loss in the current fiscal year, according to a report from Standard & Poor's dated earlier this week.
... borrow through the Maine Health and Higher Educational Facilities Authority, which issues tax...
AUGUSTA - Gov. Paul LePage has said he doesn't support new bond packages at this time, but lawmakers from both parties have submitted about two dozen proposals for consideration by the Legislature. The proposals range from repairing rail lines to funding research and development, money for seafood marketing to borrowing for drinking water and wastewater projects. For the most part, these would be what are called "general obligation" bonds, which are long- term loans that are repaid by taxpayers through the state's General Fund.
... that are important for the long-term health and well-being of Maine people.". Raye declined to... by groups like the Maine State Housing Authority and the Maine Health and Higher Educational Facili...
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