Novant Health abandons $320 million Lake Norman hospital deal plans amid FTC concerns [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 surprise move also came after Novant's latest legal defeat in the case. On Tuesday afternoon, a divided Fourth Circuit Court of Appeals granted the FTC's request for an emergency injunction blocking the sale. “We are steadfast in our belief that these facilities and their patients would have greatly benefited from joining Novant Health, but with the FTC's continued roadblocks we do not see a way to finalize this transaction,” Winston-Salem-based Novant said in a statement. The FTC had filed a lawsuit in the U.S. District Court for the Western District of North Carolina in January. Agency officials said the deal would hurt consumers by eliminating competitors and increasing insurance rates, which Novant has denied. The FTC said in court filings that the deal was unlawful in part because “it would result in a combined entity with an eye-popping 64% share of the market in the Eastern Lake Norman Area.” In June, a federal judge denied the FTC's request for a preliminary injun
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CYH
News
- Community Health Systems Expands Partnership With Mark Cuban Cost Plus Drugs [Yahoo! Finance]Yahoo! Finance
- Community Health Systems Expands Partnership With Mark Cuban Cost Plus DrugsBusiness Wire
- SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Community Health Systems, Inc. - CYHAccesswire
- SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Community Health Systems, Inc. - CYHPR Newswire
- Migrant treated in Texas hospital for pneumonia dies after fall following release by border authorities [FOX News]FOX News
CYH
Earnings
- 4/24/24 - Miss
CYH
Sec Filings
- 6/24/24 - Form 8-K
- 6/5/24 - Form 8-K
- 6/3/24 - Form 4
- CYH's page on the SEC website