FTC Seeks to Block Community Health Systems Sale of Two Hospitals
Provided by
Dow Jones
By Josh Beckerman
The Federal Trade Commission is seeking to block the Community Health Systems sale of two North Carolina hospitals to Novant Health.
The agency alleges the $320 million transaction would allow Novant to control nearly 65% of the market for inpatient general acute care services in the eastern Lake Norman area, and says the sale "threatens to raise prices."
Community Health Systems didn't immediately reply to a request for comment.
The planned sale of Lake Norman Regional Medical Center and Davis Regional Medical Center was announced in February.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
January 25, 2024 13:41 ET (18:41 GMT)
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