article thumbnail

Hospital Acquisitions in Louisiana Avoid FTC Review, for Now

JD Supra: Mergers

More hospital acquisitions may seek to avoid premerger scrutiny of the Federal Trade Commission (FTC) under the HSR Act (or any antitrust inquiry ever) if a recent federal district court decision holds up and becomes settled law. By: Manatt, Phelps & Phillips, LLP

article thumbnail

[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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

"Wheels Fall Off" FTC's Latest Hospital Merger Challenge

JD Supra: Mergers

s $320 million acquisition from Community Health Systems Inc. CHS) of two hospitals in the Lake Norman area north of Charlotte, North. District Court for the Western District of North Carolina on June 5, 2024, denied the Federal Trade Commission's (FTC) motion to enjoin Novant Health Inc.'s By: Holland & Knight LLP

article thumbnail

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

article thumbnail

Louisiana’s COPA Exempts Hospital Acquisitions from Federal Antitrust Laws

JD Supra: Mergers

As explained in prior posts, the Federal Trade Commission (“FTC”) filed suit in April of this year in Federal District Court for the District of Columbia seeking to enjoin Louisiana Children’s Medical Center (“LCMC”) from continuing to integrate the three New Orleans area hospitals that it had acquired from HCA Healthcare, Inc. (“HCA”)

article thumbnail

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

article thumbnail

Hospital Acquisition: Haw. Rev. Stat. § 323D-71 et seq.

JD Supra: Mergers

Requires parties to apply for approval from the Hawaii State Health Planning and Development Agency (“HI Agency”) and provide notice to the Hawaii Attorney General (“HI AG”) for transactions involving the acquisition of a Hawaii-regulated hospital.The parties must provide 90 days notice before closing to the HI AG. Key Takeaways -.Requires