Hospital Deals, Disagreements In The News
A hospital acquisition in Georgia has drawn challenges by the state's attorney general and the Federal Trade Commission. Meanwhile, the drama surrounding Community Health's take-over bid of Tenet Healthcare Corp. continues.
Georgia Health News: Attorney General, FTC Challenge Hospital Deal
The Federal Trade Commission and Georgia's attorney general have challenged the proposed Phoebe Putney Health System acquisition of a rival Albany hospital as anti-competitive. The FTC voted 5-0 to request an injunction of the merger of Phoebe Putney with Palmyra Medical Center, owned by HCA. And the federal agency filed a joint complaint with the Attorney General's Office in federal district court in Albany on Tuesday, seeking to halt the $195 million acquisition until the conclusion of the FTC's administrative proceeding and subsequent appeals (Miller, 4/20).
Bloomberg: Community Health Seeks Dismissal Of 'Baseless' Tenet Healthcare Suit
Community Health Systems Inc., accused in a lawsuit by Tenet Healthcare Corp. of overcharging Medicare, moved to dismiss what it called a "baseless" legal action. Community Health, which has an unsolicited buyout offer for Tenet, said in court papers that the claims must be dismissed in part because Community Health modified its acquisition proposal to an all-cash offer. Community Health filed its motion today in federal court in Dallas (Jeffrey, 4/19).