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In this Issue:
United States
1. FTC abandons challenge to Philadelphia hospital merger.
On March 1, 2021, the FTC, suffering its first loss in a hospital merger challenge since 2016, voted 4-0 to end its effort to stop the proposed $599 million merger of Philadelphia-area health care systems Jefferson Health and Albert Einstein Healthcare Network. The FTC’s decision comes about a month and a half after the Pennsylvania Attorney General’s office dropped out of the joint challenge.
The FTC challenged the merger on the basis that it would hurt competition in the Philadelphia-area health care market, and after a defeat at the district court, told the appellate court that the judge had applied “faulty economic reasoning.” The FTC alleged that a combined network would control over 60% of the market for inpatient general acute care services in and around North Philadelphia and at least 45% of the market for those services in and around Montgomery County. The FTC alleged that t
Acquisition of PGB by Global Automotive.
After conducting a detailed market study among manufacturers, competitors, and buyers of tires, ACM established that enough alternatives will remain in the market for tires for retailers. ACM expects that enough competitive pressure will continue to be exerted, and that the new combination will not raise prices or reduce the quality of services. ACM also assessed what the consequences would be for the market for replacement wheels. ACM has established that, in that market too, enough competition will remain. On March 10, 2021, the Netherlands Authority for Consumers and Markets (ACM) cleared the acquisition of PGB by Global Automotive. Global Automotive and PBG are mainly active in the distribution of replacement tires and replacement wheels for cars and vans.
Philip Gawith (Teneo)
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