The federal government is seeking to block Novant Health from acquiring two hospitals in North Carolina, which would give them control of over 65% of the inpatient market in the region. This acquisition would make Novant even more powerful and could drive up insurance premiums and medical bills. Novant, a nonprofit system with $7.6 billion in revenue, plans to buy the hospitals from for-profit chain Community Health Systems. The hospitals are within a short drive from each other. Novant has not responded to the lawsuit, and the final determination on the transaction will be made by a judge. Smaller deals like this can still have significant impacts on the healthcare market.
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FTC sues over Novant Health acquisition of two N.C. hospitals
