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ARTICLE · 21 FEBRUARY 2024

GT Newsletter | Competition Currents | February 2024

Greenberg Traurig
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On Jan. 25, 2024, the FTC sued to block Novant Health, Inc.'s $320 million acquisition of two North Carolina hospitals from Community Health Systems, Inc. The FTC argued that this acquisition could lead

GlobalAntitrust/Competition Law
Greenberg Traurig, LLP
Greenberg Traurig, LLP

In This Issue1

United States | The Netherlands | Poland | Italy | European Union | Greater China | Japan

United States

A. Federal Trade Commission (FTC)

1. FTC sues to block Novant Health's Acquisition of two hospitals from Community Health Systems.

On Jan. 25, 2024, the FTC sued to block Novant Health, Inc.'s $320 million acquisition of two North Carolina hospitals from Community Health Systems, Inc. The FTC argued that this acquisition could lead to higher health care costs for patients and reduce incentives for quality and innovative care. According to the FTC, if the deal proceeded, Novant Health, one of the largest hospital systems in the southeastern United States, could control nearly 65% of the market for inpatient general acute care services in the Eastern Lake Norman Area, potentially allowing them to demand higher rates for services. The FTC is seeking a temporary restraining order and a preliminary injunction to halt the transaction.

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