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February 02, 2024

FTC Sues to Block Acquisition by Novant Health

On January 25, 2024, the Federal Trade Commission sued to block Novant Health’s acquisition of Lake Norman Regional Medical Center and Davis Regional Medical Center in North Carolina.   If allowed to go through, based on comments by Henry Liu, Director of the FTC’s Bureau of Competition, the planned $320 million acquisition from Community Health Systems was cited as “detrimental to patients in the Eastern Lake Norman Area, including leading to higher out-of-pocket costs for critical health care services.” The FTC believes the acquisition would potentially lead to higher prices with reduced incentive to invest in quality and innovative care by consolidating ownership in the Lake Norman Area of North Carolina.

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