Becker's Healthcare April 19, 2024
Winston-Salem, N.C.,-based Novant Health has fired back against a Federal Trade Commission lawsuit that aims to prevent the health system’s acquisition of two hospitals from Franklin, Tenn.-based Community Health Systems.
The FTC alleges that the proposed $320 million acquisition of Lake Norman Regional Medical Center in Mooresville and Davis Regional Medical Center in Statesville, N.C., poses a risk of increased prices and diminished incentives for investing in quality and innovative care. The agency also argued that the deal would grant Novant control over nearly 65% of the market for inpatient general acute care services in the Eastern Lake Norman area.
Novant is picking holes in the FTC’s claims, arguing that they are “premised on a distorted and artificially narrow...
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