Healthcare Finance News April 22, 2024
The two North Carolina hospitals are not ‘meaningful competitors’ Novant says.
Novant Health and Community Health Systems have filed their opposition to the Federal Trade Commission’s attempt to block a $320 million deal to buy two North Carolina hospitals owned by CHS.
Novant Health and CHS are asking the court to deny the FTC’s request for a preliminary injunction against the acquisition, in a complaint filed on April 15 in federal court in the Western District of North Carolina.
The FTC filed a request for a preliminary injunction in March to stop the sale of CHS owned Mooresville’s Lake Norman Regional Medical Center and Statesville’s Davis Regional Medical Center.
Novant Health said it was proposing to acquire two struggling hospitals...
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