STAT June 19, 2024
Just two weeks ago, it appeared Novant Health was on the precipice of finalizing a deal to acquire two hospitals north of Charlotte, even though federal antitrust regulators, North Carolina officials, and economists were worried the deal would give Novant near-monopoly power in the region.
But Novant, a nonprofit hospital system with $8 billion of revenue, decided to call off the deal mere hours after a federal court of appeals temporarily prevented Novant from buying the hospitals until...
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