Becker's Healthcare July 1, 2024
Federal Trade Commission Bureau of Competition Director Henry Liu called Novant Health’s decision to call off its plan to acquire two hospitals from Community Health Systems “a win for consumers.”
Winston-Salem, N.C.-based Novant Health on June 18 ended its proposed $320 million acquisition of Mooresville, N.C.-based and Statesville, N.C.-based Davis Regional Medical Center from Franklin, Tenn.-based CHS after an appellate court granted the FTC an emergency injunction blocking the deal. The FTC had argued that the transaction would “irreversibly consolidate the market for hospital services in the Eastern Lake Norman Area in the northern suburbs of Charlotte.”
“Now with this deal off the table, Novant and Community Health Systems will continue to compete against one another, delivering better outcomes for...
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