Geisinger Health and Evangelical Community Hospital reached a settlement with the Department of Justice (DOJ) in an antitrust case federal officials filed last year over “a partial acquisition” deal between the two health providers. Officials alleged Geisinger and Evangelical are close competitors for inpatient general acute-care hospital services for patients in a six-county area in central Pennsylvania, accounting for approximately 70% of the market. Under the terms of the proposed arrangement, Geisinger will cap its ownership interest in Evangelical at a 7.5% passive interest.
Read the full article: DOJ Reaches Settlement with Geisinger Health, Evangelical in Antitrust Case //
Source: https://www.fiercehealthcare.com/hospitals/doj-reaches-settlement-geisinger-health-evangelical-antitrust-case