Mar. 4—A proposed settlement in the antitrust case challenging a partnership between Geisinger and Evangelical Community Hospital weakens the original agreement between the Valley hospitals in a way federal prosecutors say preserves competition and protects patient care. The hospitals and U.S. Department of Justice tentatively agreed to settlement terms announced Wednesday. The proposal .
Source: United States Department of Justice Criminal Division
The Department of Justice announced today that it has reached a settlement with Geisinger Health (Geisinger) and Evangelical Community Hospital (Evangelical) that will resolve the department’s ongoing civil antitrust litigation challenging Geisinger’s partial acquisition of Evangelical. Among other terms, the settlement requires Geisinger to cap its ownership interest in Evangelical at a 7.5% passive interest and eliminates additional entanglements between the two competing hospitals.
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