Becker's Healthcare August 7, 2024
Winston-Salem, N.C.-based Novant Health called off its plan to buy two Community Health Systems hospitals after a lengthy battle with the Federal Trade Commission, but the 19-hospital system is growing rapidly in North Carolina and South Carolina and showing no signs of slowing down.
Five things to know:
1. Novant Health scrapped its planned $320 million acquisition of two North Carolina hospitals from Franklin, Tenn.-based CHS after an appellate court on June 18 granted the FTC an emergency injunction blocking the deal.
“With the FTC’s continued roadblocks we do not see a way to finalize this transaction,” Novant said in a statement shared with Becker’s. “The communities served by these facilities deserve better than the fate they’ve been...
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