4 ms·
It took a bit of searching, but yes! https://www.healthcarefinancenews.com/news/hospital-doctor-merger-undone-in-ruling https://www.healthcarefinancenews.com/n
by ZoomerCretin 3y ago
It took a bit of searching, but yes!
https://www.healthcarefinancenews.com/news/hospital-doctor-merger-undone-in-ruling https://www.healthcarefinancenews.com/news/hospital-doctor-m...
Claude summary:
A U.S. district court judge ruled in favor of the FTC in an antitrust case, ordering St. Luke's to undo its acquisition of the Saltzer Medical Group. The FTC and others alleged the acquisition violated antitrust regulations by lessening competition and potentially increasing healthcare costs. St. Luke's argued the acquisition was vital to achieve healthcare reform goals and maintain business viability. The judge disagreed, saying there are other ways to improve care without violating antitrust laws and risking increased costs.
Here is an FTC press release detailing how the un-doing of the merger was carried out: https://www.ftc.gov/news-events/news/press-releases/2017/05/ftc-obtains-court-approval-divestiture-saltzer-medical-group-idaho-based-st-lukes-health-system https://www.ftc.gov/news-events/news/press-releases/2017/05/...