The Federal Trade Commission is no longer opposing the proposed merger between Einstein Healthcare Network and Jefferson Health. Nearly three years after it was first announced, the deal can now move forward uncontested and will result in an 18-hospital system.
Jefferson-Einstein merger moves forward as FTC steps aside
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The Federal Trade Commission will not appeal a federal judge s dismissal of its lawsuit that sought to block the Jefferson Health and Albert Einstein Healthcare Network merger, regulators told the Pennsylvania health systems Friday.
The FTC and Pennsylvania Attorney General Josh Shapiro claimed that the transaction would stifle competition and likely lead to price increases after the combined entity controls 60% of the North Philadelphia acute-care market. But regulators didn t make a compelling case that insurers wouldn t be able to find viable substitutes for the merged system and thus would have to submit to higher reimbursement rate mandates, U.S. District Court Judge Gerald Pappert wrote.
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