Healthcare Finance News June 20, 2024
The FTC got an injunction, pending an appeal, in a process likely to take two years.
Novant Health has dropped its bid to buy two Community Health System hospitals for $320 million, citing opposition from the Federal Trade Commission.
“Novant Health has worked tirelessly for more than a year to create a path forward for Lake Norman Regional Medical Center and Davis Regional Medical Center,” a Novant Health spokesperson said in a statement. “Despite our vision to restore services the area has lost and deliver high quality, remarkable care, we have been met with opposition from the Federal Trade Commission at every step.”
WHY THIS MATTERS
The FTC has been tireless in trying to stop a deal it argued would...
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