FTC continues to challenge $320M Novant, CHS deal
04/03/24 at 03:00 AM
FTC continues to challenge $320M Novant, CHS deal
Becker's Hospital Review; by Naomi Diaz; 3/29/24
The Federal Trade Commission filed court documents on March 25 seeking a preliminary injunction to bar Winston-Salem, NC-based Novant Health from its $320 million acquisition of two North Carolina hospitals from Franklin, TN-based Community Health Systems. According to court documents filed in the U.S. District Court for the Western District of North Carolina, the FTC alleged that Novant Health's proposed acquisition ... would "irreversibly consolidate the market for hospital services in the Eastern Lake Norman Area in the northern suburbs of Charlotte."