"Patient Capital" project

In 2006 the City of Old Town sold the former Helen Hunt School to Penobscot Community Health Care at a cost of $100,000 with $20,000 payments to be made to the City starting October 1, 2009 until paid in full (2013).  They purchased an additional lot for $25,000 at the time of sale.

This was the first “patient capital” project for the City in that the City sold the building and waited till October 1, 2009 for its first payment.  The merger of Dr. Chris Ritter’s medical practice to became part of PCHC created this opportunity for the City.  In 2007 PCHC invested $5.9 million in renovations to the Helen Hunt School.

The services offered at the Helen Hunt facility include, family medicine, pediatrics, psychiatry, mental health counseling, physical and occupational therapy, dental, lab, x-ray and pharmacy services.  They employ 55 at this facility.