Becker's Healthcare June 5, 2024
A federal judge has rejected the Federal Trade Commission’s request for a preliminary injunction to bar Winston-Salem, N.C.-based Novant Health from its $320 million acquisition of two North Carolina hospitals from Franklin, Tenn.-based Community Health Systems.
The FTC had sought the injunction in March alleging that Novant Health’s proposed acquisition of Mooresville, N.C.-based Lake Norman Regional Medical Center and Statesville, N.C.-based Davis Regional Medical Center from CHS, would “irreversibly consolidate the market for hospital services in the Eastern Lake Norman Area in the northern suburbs of Charlotte.”
The commission argued that it should be granted a preliminary injunction by the court for two reasons, the first being that the FTC considers the deal “unlawful … because it would result in...
Today's Sponsors
Today's Sponsor