MedCity News June 24, 2024
Novant Health called off its planned $320 million acquisition of two CHS-owned hospitals in North Carolina. The decision came after an appellate court granted the FTC an emergency injunction to block the deal — the agency had been challenging the deal for more than a year.
Last week, Novant Health called off its plans to purchase two North Carolina hospitals from Community Health Systems (CHS), which is one of the nation’s largest for-profit hospital chains. The decision came after an appellate court granted the Federal Trade Commission an emergency injunction to block the $320 million deal.
Novant — based in Winston-Salem, North Carolina — comprises 19 hospitals and more than 850 outpatient care locations. In February 2023, the health system...
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