Becker's Healthcare June 21, 2024
Winston-Salem, N.C.-based Novant Health called off its planned $320 million acquisition of two North Carolina hospitals from Community Health Systems.
Here are four things ASCs need to know:
1. Novant Health called off the deal after an appellate court granted the Federal Trade Commission an emergency injunction blocking the deal. The 4th U.S. Circuit Court of Appeals said it would allow the FTC to prevent the two-hospital acquisition from proceeding until its appeal is resolved.
2. The FTC has been fighting to block the acquisition of the two hospitals from Franklin, Tenn.-based CHS for over a year, arguing the transaction would “irreversibly consolidate the market for hospital services in the Eastern...
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