Novant Health’s plans to acquire two North Carolina hospitals from Community Health Systems were called off after an appellate court granted the Federal Trade Commission an emergency injunction to block the $320 million deal. The FTC argued that the deal would harm competition and raise prices in Charlotte’s suburbs. Despite efforts to move forward with the acquisition, Novant and CHS decided to abandon the deal due to continued opposition from the FTC. The decision ultimately led to the acquisition falling apart, with the courts ruling against the deal. This outcome highlights the uncertainty and challenges posed by the FTC’s involvement in healthcare mergers.
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FTC Involvement Forces Novant Health to Scrap Its $320M Deal with CHS
