HealthLeaders Media June 12, 2024
The agency has been denied not once, but twice as it aims to nix Novant Health’s acquisition.
KEY TAKEAWAYS
– U.S. district judge Kenneth Bell has ruled against both preliminary injunction motions by the FTC to block Novant Health’s purchase of two hospitals from Community Health Systems.
– In his decisions, Bell stated that the transaction increases competition in an already-concentrated market, while improving the chances of one of the acquired hospitals remaining open.
– The FTC was given an extension on its restraining order against the deal though, allowing it more time to appeal the case.
A district court has declawed the Federal Trade Commission (FTC) in the antitrust agency’s attempt to halt another hospital acquisition.
After denying the...
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