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Great Falls Corporation, Auburn, Maine
Abstract:
On November 1, 1984, Androscoggin Home Health Services restructured itself into three separate entities corporately linked via a holding company and with overlapping governance among the parent and its two subsidiaries. AHHS the parent and its two subsidiaries. AHHS remains the Medicare-certified agency with additional grant-funded programs. Great Falls Homecare Corporation is the private-pay personal care services subsidiary. As third subsidiary, Great Falls Management Corporation, has recently been organized for more effective and responsive management services. If asked whether corporate restructuring appears at this time to ensure survival over the long haul, a resounding "yes" would be heard from management and directors alike. Restructuring isn't easy, but it is insurance worth purchasing for the future.