Skip to main content

MMC, Pizza Villa Owners Sign Purchase Agreement

July 25, 2018

FOR IMMEDIATE RELEASE
Contact: Matt Wickenheiser
207-662-6679 / awickenhei@mmc.org

PORTLAND, Maine – Maine Medical Center and the owners of 940 Congress St., the building that houses Pizza Villa restaurant, have entered into an asset purchase agreement.

Under the agreement, MMC would acquire the building and the business for an undisclosed sum with a closing in March 2019. MMC recognizes the importance of the business to the neighborhood and community. MMC does not have immediate plans to change the property. MMC is working in partnership with the owners of this iconic business to identify a new operator to continue Pizza Villa.

The property is within the boundaries of MMC’s institutional overlay zone (IOZ), approved by the Portland City Council in November 2017. This building is specifically identified in the IOZ as being in a “priority zone for community-oriented/retail uses.” As per the zoning, MMC-owned properties in these areas will be designed to “support the existence of neighborhood amenities such as restaurants and other retail uses providing services to local residents and employees both during the day and evening hours.”

“We went through a thoughtful and collaborative public process to develop the IOZ in partnership with the city of Portland. The result was a clear and predictable path forward for MMC, the neighborhood and the community,” said Jeff Sanders, MMC Executive Vice President and Chief Operating Officer.

Pizza Villa has been a Portland and neighborhood institution for more than 50 years. Owners Tony and Phil Regios said this agreement offers them a chance to plan for their retirement.

“We’ve been a part of this community for a long time, and we’d like to thank all our customers and friends who have come through our doors over the years,” said Tony Regios. “The medical center was the logical organization for us to sell to. They are very interested in seeing the business continue to operate and thrive.”

MMC was the first city institution to develop an institutional development plan in order to seek approval for an IOZ. The city process was marked by a thoughtful dialogue among MMC, neighborhood representatives and city officials, and was instrumental in the medical center’s development of a $512 million expansion and modernization plan, which is currently underway.


About Maine Medical Center
Maine Medical Center (MMC), recognized as a Best Regional Hospital by U.S. News and World Report for 2017-2018, is a complete health care resource for the people of Greater Portland and the entire state, as well as northern New England. Incorporated in 1868, MMC is the state’s largest medical center, licensed for 637 beds and employing nearly 8,700 people. MMC's unique role as both a community hospital and a referral center requires an unparalleled depth and breadth of services, including an active educational program and a world-class biomedical research center. As a nonprofit institution, Maine Medical Center provides nearly 23 percent of all the charity care delivered in Maine. MMC is a member of the MaineHealth system, a growing family of health care services in northern New England. For more information, visit www.mmc.org.

# # #

News from Around MaineHealth

View All
Physicians Join Maine Medical Partners
Maine Medical Partners announces the following new hires.
Shaw Brothers Construction Pledges $1 Million to Maine Medical Center to Honor Sally Shaw
In recognition of a $1 million commitment by Jon and Dan Shaw, founders of Shaw Brothers Construction in Gorham, Maine Medical Center will name the causeway of the new Congress Street Tower in honor of the Shaws’ mother, Sally Shaw.
MMC Participates in NIH-Funded Clinical Trial Studying Buprenorphine Treatments for Opioid Use Disorder
Maine Medical Center’s emergency department is one of 30 chosen across the country as part of the National Institutes of Health "Helping to End Addiction" Long-term Initiative (HEAL).
U.S. News & World Report Names MMC ‘Best Regional Hospital’ For Eighth Straight Year
MMC earns a “high performing” rating in the specialty of Urology as well as in ten common procedures and conditions.
MMCRI awarded $1.9M by the National Institutes of Health
The five-year award by the National Cancer Institute supports the study of how healthy fat cells support growth of blood cancer cells.
Credit rating agencies reaffirm strength of MaineHealth
Two credit rating agencies continued to give northern New England’s largest health system high marks for its financial strength even though the COVID-19 pandemic has had a significant financial impact.
MaineHealth Receives Over $800,000 in Federal Funding for Telehealth Program
FCC awarded MaineHealth for costs associated with rapidly expanding the health system’s telehealth infrastructure and technology in response to the coronavirus pandemic.
MaineHealth establishes safety protocols and sets priorities for bringing back some services amid COVID-19
Universal masking, screening and testing protocols are already in place as the health care system brings back surgeries and other procedures for those patients for whom waiting could have medical consequences.
MaineHealth program aims to keep Mainers covered when a COVID-19 job loss means losing health insurance
The MaineHealth "Access to Care" team connects patients with programs that provide support amid the financial turmoil brought on by the pandemic.
Maine Track Celebration Honors Class of 2020
This marks the 12th year of the Maine Track partnership between Maine Medical Center and Tufts Medical School.