Lexology May 2, 2024
FTC Challenged Inpatient general acute care (GAC) hospital services sold and provided to insurers and their enrollees in the eastern Lake Norman, North
Carolina area.
In an already highly concentrated market containing four GAC hospitals, the FTC alleges the proposed transaction between Novant and Lake Norman and Davis regional hospitals would lead to Novant controlling 65% of the market for inpatient GAC in the eastern Lake Norman area.
A hearing date for the FTC’s motion for a preliminary injunction is set for April 29, 2024. A hearing is scheduled on June 26, 2024, for the administrative matter.
The FTC alleges the transaction would eliminate fierce competition between Novant Huntersville and Lake Norman, a lower-priced alternative. Combining the hospitals allegedly would eliminate...
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