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US antitrust enforcers have seen a major spike in Hart-Scott-Rodino HSR premerger filings. European Commission is focusing on green killer acquisitions, highlighting the interplay between the EU competition rules and the European Union’s environmental protection objectives.
In this Issue:
United States
1. FTC abandons challenge to Philadelphia hospital merger.
On March 1, 2021, the FTC, suffering its first loss in a hospital merger challenge since 2016, voted 4-0 to end its effort to stop the proposed $599 million merger of Philadelphia-area health care systems Jefferson Health and Albert Einstein Healthcare Network. The FTC’s decision comes about a month and a half after the Pennsylvania Attorney General’s office dropped out of the joint challenge.
The FTC challenged the merger on the basis that it would hurt competition in the Philadelphia-area health care market, and after a defeat at the district court, told the appellate court that the judge had applied “faulty economic reasoning.” The FTC alleged that a combined network would control over 60% of the market for inpatient general acute care services in and around North Philadelphia and at least 45% of the market for those services in and around Montgomery County. The FTC alleged that t
Thursday, April 8, 2021
Federal Trade Commission (FTC)
On March 1, 2021, the FTC, suffering its first loss in a hospital merger challenge since 2016, voted 4-0 to end its effort to stop the proposed $599 million merger of Philadelphia-area health care systems Jefferson Health and Albert Einstein Healthcare Network. The FTC’s decision comes about a month and a half after the Pennsylvania Attorney General’s office dropped out of the joint challenge.
The FTC challenged the merger on the basis that it would hurt competition in the Philadelphia-area health care market, and after a defeat at the district court, told the appellate court that the judge had applied “faulty economic reasoning.” The FTC alleged that a combined network would control over 60% of the market for inpatient general acute care services in and around North Philadelphia and at least 45% of the market for those services in and around Montgomery County. The FTC alleged that the defendants also control
Mar 5, 2021 1:00pm
The FTC announced it was investigating a proposed merger between Atrium Navicent and Houston Healthcare before the deal collapsed late last month. (Getty/Kritchanut)
The Federal Trade Commission was investigating a proposed merger between Atrium Health Navicent and Houston Healthcare System, which was called off late last month.
The agency disclosed that it was investigating the deal between two Georgia systems and had determined that it would have harmed prices and quality had the merger gone through. The investigation, which is now closed, is the latest by the agency into hospital deals.
“The proposed transaction threatened to increase healthcare costs for employers and patients in the region and would have substantially lessened competition that has benefitted the community through expansion of healthcare services and improved quality of care,” said FTC Acting Chairwoman Rebecca Slaughter in a statement on Wednesday.