Federal judge vetoes FTC request to block Novant Health's acquisition of hospitals [Yahoo! Finance]
Community Health Systems, Inc. (CYH)
Last community health systems, inc. earnings: 4/28 04:15 pm
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Source: Yahoo! Finance
The FTC's attempt to halt the $320m deal on antitrust grounds was denied, with the court ruling that stopping the transaction would not serve the public interest. In January this year, the FTC filed a lawsuit against Novant Health, challenging its proposed purchase of the Lake Norman Regional Medical Center and Davis Regional Medical Center from CHS. Since being announced last year , the deal had faced scrutiny over concerns of increased market concentration and potential negative impacts on healthcare costs and innovation. The FTC's lawsuit against the healthcare system was also supported by the North Carolina State Treasurer Dale Folwell, who filed a 'friend of the court' brief in April , asking the court to halt Novant Health's planned acquisition. Despite the FTC's concerns, on 5 June, Judge Kenneth Bell of the US District Court for the Western District of North Carolina ruled that the FTC had not met the legal standard for a preliminary injunction. In his 55-page rulin
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CYH
News
- Community Health Systems, Inc. Provides Update Regarding Lake Norman Regional Medical Center and Davis Regional Psychiatric Hospital [Yahoo! Finance]Yahoo! Finance
- Community Health Systems, Inc. Provides Update Regarding Lake Norman Regional Medical Center and Davis Regional Psychiatric HospitalBusiness Wire
- AvaSure Chief Nursing Executive Advisory Board Collaborates on Inpatient Virtual Care Maturity Model [Yahoo! Finance]Yahoo! Finance
- Novant Health abandons $320 million Lake Norman hospital deal plans amid FTC concerns [Yahoo! Finance]Yahoo! Finance
- As hospitals grow, so does your bill [Yahoo! Finance]Yahoo! Finance
CYH
Earnings
- 4/24/24 - Miss
CYH
Sec Filings
- 6/5/24 - Form 8-K
- 6/3/24 - Form 4
- 6/3/24 - Form 4
- CYH's page on the SEC website