FTC Sues to Block Novant Health’s Acquisition of Two Hospitals from Community Health Systems
The Federal Trade Commission today sued to block Novant Health, Inc.’s $320 million acquisition of two North Carolina hospitals from Community Health Systems, Inc. (“CHS”).
- The Federal Trade Commission today sued to block Novant Health, Inc.’s $320 million acquisition of two North Carolina hospitals from Community Health Systems, Inc. (“CHS”).
- Novant is one of the largest hospital systems in the southeastern United States including in North Carolina.
- The FTC alleges the proposed acquisition would likely increase annual health care costs by several million dollars.
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