HealthLeaders Media June 19, 2024
The antitrust agency will get the last laugh as it succeeds in thwarting another merger.
KEY TAKEAWAYS
– A three-judge panel of the U.S. Court of Appeals for the Fourth Circuit granted the FTC an injunction to stop the Novant Health-Community Health Systems deal for two hospitals.
– The ruling reversed a decision by a district court judge and is causing Novant to give up on the acquisition rather than appeal in what could be a lengthy legal process.
– One of the judges on the Fourt Circuit panel, J. Harvie Wilkinson, dissented in the 2-1 vote, arguing that the FTC’s overly aggressive attempt may potentially lead to one of the acquired hospitals closing.
In a reversal of fortune, the...
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