FTC sues to block proposed CHS-Novant hospital sale
02/08/24 at 03:00 AM
FTC sues to block proposed CHS-Novant hospital sale
Modern Healthcare, by Alex Kacik; 1/25/24
The Federal Trade Commission on Thursday sued to block Novant Health’s planned $320 million acquisition of two North Carolina hospitals from Community Health Systems, alleging the deal could increase costs and reduce care quality. In February, CHS and Novant signed a definitive acquisition agreement involving Lake Norman Regional Medical Center in Mooresville and Davis Regional Medical Center in Statesville, which is transitioning from an acute-care hospital to an inpatient behavioral health facility.