PORTLAND — No court decision was made Wednesday regarding Parkview Adventist Hospital’s bankruptcy.
In June, Parkview filed for Chapter 11 of the United States Bankruptcy Code with the United States Bankruptcy Court in Portland. Under Chapter 11, the hospital would be given the opportunity to restructure their debt or seek other lines of capital.
Parkview has since entered into a transaction with Mid Coast Hospital, hammering out a plan that would keep Parkview and its Adventist identity viable while transferring many of its services to Mid Coast.
Mid Coast spokesman Steve Trockman said proceedings will continue Thursday morning, but was unsure when a decision will be reached.
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