Statement of FTC Office of Public Affairs Director Lindsay Kryzak on District Court’s Decision to Grant Preliminary Injunction Halting New Jersey Hospital Merger

Following the U.S. District Court for the District of New Jerseys decision to grant a preliminary injunction against Hackensack Meridian Health, Inc.s proposed acquisition of Englewood Healthcare Foundation, FTC Office of Public Affairs Director Lindsay Kryzak made this statement:

Metadata
Provider: 
FTCFTC
URL: 
https://www.ftc.gov/news-events/press-releases/2021/08/statement-ftc-office-public-affairs-director-lindsay-kryzakhttps://www.ftc.gov/news-events/press-releases/2021/08/statement-ftc-office-public-affairs-director-lindsay-kryzak
Retrieved on: 
Thursday, August 5, 2021
Information
Tags: 
FTC, Public affairs, District court, Hospital, District, Douglas v. U.S. District Court ex rel Talk America, Acquisition, Patient, Court
Geotags: 
NEW JERSEY
Summary
Key Points: 
  • Following the U.S. District Court for the District of New Jerseys decision to grant a preliminary injunction against Hackensack Meridian Health, Inc.s proposed acquisition of Englewood Healthcare Foundation, FTC Office of Public Affairs Director Lindsay Kryzak made this statement:

    Too many hospital mergers lead to jacked up prices and diminished care for patients most in need.

  • It remains a mystery why these two hospital systems decided to pursue a highly suspicious merger in the middle of a global pandemic.
  • The Court has hit pause on this merger, which the FTC alleges is unlawful.
  • Hospital executives hatching merger plans should take note.
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