Pa. Joins FTC Effort To Block Merger Between Penn State Hershey Hospital And PinnacleHealth
In other hospital news, Carolinas HealthCare System unveiled plans to spend $3 billion on capital projects.
The Philadelphia Inquirer:
Kane To Join FTC In Penn State Hershey Hospital Antitrust Fight
Pennsylvania Attorney General Kathleen G. Kane said her office will join the Federal Trade Commission in a bid to block the proposed merger of Penn State Hershey Medical Center and PinnacleHealth System. Combined, the two systems would control 64 percent of the market in the Harrisburg region, including Dauphin, Cumberland, Perry and Lebanon Counties, Kane's office said. (Brubaker, 12/9)
The Charlotte Observer:
Carolinas HealthCare Sets Goal To Spend $3B On Capital Projects Over Six Years
On Tuesday, Carolinas HealthCare System officials announced plans to spend $3 billion on capital projects as part of a six-year “reinvestment” plan. At the system’s quarterly board meeting, Chief Financial Officer Greg Gombar described the goal to spend 10 percent of net operating revenue annually on capital projects – such as buildings, technology and programs – to meet consumer demand. (Garloch, 12/8)