North Carolina Backs FTC Bid against $320M Health System Deal

North Carolina has backed the U.S. Federal Trade Commission’s lawsuit seeking to block Novant Health’s $320 million acquisition of two hospitals in the state, a deal the agency said would lead to higher prices and reduced innovative care. North Carolina’s state treasurer on Monday filed a “friend of the court” brief urging U.S. District Judge Kenneth Bell in the Western District of North Carolina to preliminarily stop Novant from buying the hospitals from Community Health Systems.

Read the full article: North Carolina Backs FTC Bid against $320M Health System Deal //

Source: https://www.reuters.com/legal/litigation/north-carolina-backs-ftc-bid-against-320-million-health-system-deal-2024-04-16/

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