Healthcare DIVE June 12, 2024
This is the second time a district court has shot down the antitrust agency’s request to stop the deal.
The Federal Trade Commission’s case aiming to block Novant Health from acquiring two Community Health Systems-owned North Carolina hospitals was dealt a series of blows this week. On Tuesday, U.S. District Court Judge Kenneth Bell ruled to deny the antitrust agency’s latest preliminary injunction against the deal.
The FTC first sued to block the deal in January, claiming the $320 million purchase would decrease competition in the greater Lake Norman, North Carolina region and drive up consumer prices by allotting Novant nearly 65% control of the region’s inpatient market.
However, Bell ruled last week the sale could go forward as planned,...
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