The Federal Trade Commission said Thursday it will challenge the proposed merger between two Philadelphia-area not-for-profit health systems on the grounds the combination would reduce competition. The FTC said it issued an administrative complaint against Jefferson Health and Albert Einstein Healthcare Network, which agreed to merge in September 2018. The deal would create a system with 18 hospitals, more than 50 outpatient and urgent care centers, and leading rehabilitation and post-acute facilities. It would boast about $5.9 billion in revenue. Competition between the health systems has driven them to upgrade medical facilities and invest in new technologies, but the merger would eliminate those benefits to the detriment of patients, the FTC said.
Read the full article: FTC Challenges Jefferson-Albert Einstein Hospital Merger //
Source: https://www.modernhealthcare.com/providers/ftc-challenges-jefferson-albert-einstein-hospital-merger