Mainebiz

V O L . X X X I N O. X X V N OV E M B E R 3 , 2 0 2 5 12 B U S I N E S S M A I N E B U S I N E S S M A I N E B U S I N E S S N E W S F RO M A RO U N D T H E S TAT E In-Town Commercial Building Boothbay Harbor, Maine 735 sq.ft. | Town Water & Sewer | Downtown Business A Zoning Located in the heart of Boothbay Harbor's downtown, this com- mercial building has excellent exposure with prime sidewalk f ront- age along Mckown Street and an easy stroll to the waterf ront and parking. Explore this rare opportunity to own downtown commercial space. If you have ever dreamed of your own gallery or business, this is a wonderful chance to create one. $399,000 TindalandCallahan.com | 32 Oak Street, Boothbay Harbor | 207-633-6711 COMMERCIAL LISTINGS IN MIDCOAST MAINE US Route 1 Commercial Frontage Edgecomb, Maine 2.6 acres +/- | 266' road f rontage | 577' tidal waterf ront This prime commercial property is located in the Gateway zone with high exposure on busy Route 1 in Edgecomb. The level lot features road f rontage, a gravel parking area, and a manicured lot that has a gentle slope; an excellent building opportunity. Tidal waterf ront on the Sheepscot River lends a completely different perspective to de- velop with a possible residential component on the waterf ront. $269,000 B R I E F Newly arrived Northern Light CEO cites need for adaptability B y L a u r i e S c h r e i b e r F ollowing more than two decades of clinical and executive leadership experience and participation in international medical missions, the new head of Northern Light Health cited adaptability in a challeng- ing health care environment as key to the system's financial turnaround. Dr. R. Guy Hudson assumed the role of president and CEO of Northern Light Health in October. "It has been rough after COVID, and a lot of health systems are having difficulties getting back up on their feet," Hudson said. "I think Northern Light has a real opportunity to rise and keep moving forward." The pediatric urologic surgeon, physician executive and experienced CEO succeeded Tim Dentry, who announced his retirement earlier this year. Hudson served for six years as CEO of Swedish Health Services in Seattle and was an executive at Providence, a not-for-profit health system also based in Washington. After Swedish Health and Providence, Hudson returned to clinical practice in 2023 as a pediatric urologic surgeon in Boise, Idaho. He has also par- ticipated in international medical missions, providing care in countries including Guatemala and Uganda. Headwinds Hudson arrives at Maine's second-largest health care system during a period of turmoil. Last year, Northern Light said it was looking to turn around a trend of steepening financial losses. More recently, the Brewer-based system has faced financial challenges that include the closure of Northern Light Inland Hospital and a walk-in clinic in Waterville; a 3% workforce cut, mostly through attri- tion; the closure of a Bangor clinic; and, like hospitals across the country, the prospect of financial strain from reduced federal Medicaid funding. The headwinds "seem to be a little stronger than usual. And Northern Light has been as adaptable as possible to respond to those headwinds," Hudson told Mainebiz. Hudson has been cited by John Ryan, Northern Light Health's board chair, as having "a proven record of leading financial turnarounds in hospital systems, balancing the need for financial discipline with provid- ing world-class health care to the community." The first thing that happens with any type of turnaround, Hudson said, is helping the workforce understand the complexities of what the system is dealing with and "having them grounded in why we choose to serve others. That develops a sense of pride and ownership and accountability to deliver health care better and also to realize everyone is dependent on who we are and what we do." He continued, "We have our fiscal priorities and objectives that we need to achieve, but they're depen- dent on all those other things coming together." Hudson said Northern Light continues to work with Anthem Blue Cross and Blue Shield to come up with a new contract. "We're working with Anthem to get to an agreement as quickly as we can," he said. "I think both organiza- tions have the best intentions." P H O T O / N O R T H E R N L I G H T We're working with Anthem to get to an agreement as quickly as we can. I think both organizations have the best intentions. — Dr. R. Guy Hudson Northern Light Health

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