The Federal Trade Commission is opposing a motion for summary judgment by U.S. Anesthesia Partners to avoid facing trial on claims it monopolized anesthesia services in Texas through a private-equity backed “roll-up” strategy. According to court documents filed March 30, the FTC says the record evidence was too compelling to be thrown out on summary judgement. Most notably, one executive allegedly celebrated price hikes by writing, “Cha-ching!” in an email. Another email in the record evidence depicted an insurance executive describing the way that USAP would take the highest rate and “peanut butter spread that across the stake of Texas.”
Read the full article: FTC: Evidence Too Strong to Toss USAP Antitrust Case //
Source: https://www.beckersasc.com/anesthesia/ftc-alleges-anesthesia-group-celebrated-price-hikes/