Fierce Healthcare June 5, 2024
Novant Health and Community Health Systems (CHS) will be permitted to consummate their contested $320 million hospital deal, though regulatory uncertainty would still follow the deal’s expected close.
Wednesday, U.S. District Judge Kenneth Bell denied the Federal Trade Commission’s (FTC’s) bid for a preliminary injunction against the sale of two CHS hospitals in North Carolina: the 123-bed Lake Norman Regional Medical Center and the 146-bed Davis Regional Medical Center.
“Having weighed the equities and considering the [FTC]’s likelihood of ultimate success, the Court concludes that entry of an injunction pending the conclusion of the FTC’s administrative process would not be in the public interest,” Bell wrote in his order.
The health systems had announced their deal back in early 2023,...
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