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FTC Loses Bid to Block NC Hospital Merger between Novant and CHS

JD Supra: Mergers

On Wednesday, June 5 a federal district judge denied the Federal Trade Commission’s (FTC) request for an injunction to prevent Novant Health from acquiring two hospitals from Community Health Systems (CHS) in a $320 million deal.

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Judge Denies FTC’s Request to Enjoin Sale of Two Hospitals in North Carolina

JD Supra: Mergers

s (“Novant”) acquisition of two hospitals from Community Health Systems, Inc. (“CHS”). Last week, a federal judge in North Carolina declined to preliminarily enjoin Novant Health, Inc.’s

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FTC Loss in Hospital Merger Shows Failing Firm Defense is Alive and Well

JD Supra: Mergers

While finding this to be the “rare case” where a hospital’s imminent failure justified its acquisition by a competitor, Judge Kenneth Bell denied the Federal Trade Commission’s motion for a preliminary injunction to enjoin Novant’s acquisition of two hospitals in the Charlotte, NC area. By: Womble Bond Dickinson

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[Video] Hospital M&A Trends & Strategic Considerations for 2024

JD Supra: Mergers

In this episode of "Counsel That Cares," healthcare attorney Colin Luke examines transactions for hospitals and health systems, as well as what's driving that activity across the country with hospitals and health systems, partnering, acquisitions and sales.

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Hospital Mergers: The Value and Pitfalls

JD Supra: Mergers

Hospital mergers have been an increasing trend in the healthcare markets over the past decade, with many proponents of these mergers believing that the overall consolidation of hospital services provides better outcomes for patients at large, and opponents arguing that these mergers only result in increased costs to patients.

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District Court Denies FTC Request to Block Novant’s Purchase of Hospitals from CHS — Purchase Can Go Forward

JD Supra: Mergers

In February, 2023, Novant Health and Community Health Systems (CHS) entered into an Asset Purchase Agreement pursuant to which Novant agreed to acquire Lake Norman Regional Medical Center (LNR) and Davis Regional Psychiatric Hospital (Davis) and related assets in North Carolina from CHS for $320 million.

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FTC challenges first hospital merger under new Merger Guidelines

JD Supra: Mergers

On January 25, 2024 the Federal Trade Commission (FTC) sued to block Novant Health (Novant) from acquiring two North Carolina hospitals, Lake Norman Regional Medical Center and Davis Regional Medical Center from Community Health Systems (CHS).