Becker's Healthcare June 11, 2024
A North Carolina federal judge denied the Federal Trade Commission’s request to bar Winston-Salem, N.C.-based Novant Health from acquiring two North Carolina hospitals from Franklin, Tenn.-based Community Health Systems until its appeal is resolved.
District Judge Kenneth Bell, however, did extend the expiration of a temporary restraining order until noon June 21, which he said in his June 11 ruling will allow the FTC time to seek an injunction from the 4th U.S. Circuit Court of Appeals.
The FTC has been attempting to block Novant from acquiring Lake Norman Regional Medical Center and Statesville, N.C.-based Davis Regional Medical Center in a $320 million deal. The commission has argued Novant’s acquisition of the hospitals would “irreversibly consolidate the market for hospital...
Today's Sponsors
Today's Sponsor