Hospitals in Terre Haute, Indiana, withdraw merger plans amid monopoly concerns [Yahoo! Finance]
HCA Healthcare, Inc. (HCA)
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Source: Yahoo! Finance
Union Health and Terre Haute Regional Hospital, the only acute care providers in Vigo County, had planned to merge under a state provision known as a Certificate of Public Advantage (COPA) law. The decision to withdraw was made nine days before the 4 December deadline for state regulators to approve the merger. In a statement, Union Health said: “Recognising the COPA process is a very complex, innovative approach to improving access and quality healthcare for area residents, we believe it is best to withdraw the current application.” The hospital intends to resubmit a revised application, working closely with Indiana regulators to highlight potential benefits such as enhanced access and quality of care. Neither Union Health nor HCA Healthcare, the parent company of Terre Haute Regional Hospital, have given details on what influenced their decision to retract the application. University of Missouri-Kansas City economist Christopher Garmon said: “There could be any number of
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