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FTC opposes Novant Health, CHS $320M hospital deal

FTC opposes Novant Health, CHS $320M hospital deal
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North carolinaUnited statesWinston salemDavis regional medical centerSouth carolinaLake norman regional medical centerLake normanCarl armatoHenry liuBureau of competitionDavis regional medical centersNovant healthUs district courtCommunity health systemsNovant huntersville medical centerTenet healthcare

Federal lawsuit is aimed at $320M Novant Health acquisition deal

The Federal Trade Commission is suing to block Winston-Salem-based Novant Health from acquiring two regional hospitals. The complaint says that if the deal were to proceed, prices for medical services could rise.

Lake norman regional medical centerNovant healthDavis regional medical centerCommunity health systems incFederal trade commissionWinston salem based novant healthCommunity health systemsIredell countyInston salem health amp safety

FTC sues to block Novant Health s $320M deal to acquire two local hospitals

The proposed deal from February 2023 involves Mooresville's Lake Norman Regional Medical Center and Statesville's Davis Regional Medical Center.

Lake norman regional medical centerNorth carolinaUnited statesLake normanMecklenburg countyIredell countyHenry liuNovant healthUs district courtBureau of competitionNovant huntersville medical centerCommunity health systems incMooresville lake norman regional medical centerStatesville davis regional medical centerCommunity health systemsDavis regional medical centers

FTC sues to block $320M Novant, CHS deal

FTC sues Novant Health to block $320M acquisition of two North Carolina hospitals from Community Health Systems, citing risk of higher prices and diminished qu

North carolinaUnited statesLake normanWinston salemHenry liuBureau of competitionN davis regional medical centerN novant healthN lake norman regional medical centerCommunity health systemsDavis regional medical centersNovant healthFederal trade commissionCommunity healthLake norman regional medical centerDavis regional medical center

FTC sues Novant Health to block $320M acquisition, new ASC build

"FTC sues Novant Health to block $320 million takeover of two NC hospitals and ASC, citing potential harm to patients and increased healthcare costs."

Lake normanNorth carolinaUnited statesHenry liuN novant healthN lake norman regional medical centerN davis regional medical centerCommunity health systemsBureau of competitionDavis regional medical centersNovant healthFederal trade commissionLake norman regional medical centerDavis regional medical centerCommunity healthGreater charlotte