• Investment
  • Insurance
  • Finance
  • Internet
  • Technology
  • 200Mbps
Trending
  • Judge Says Trumps Must Testify in New York Civil Probe
  • Family of Oregon Man Whose Car Crashed off Bridge into River Sues
  • California Wildfire at 20% Containment, Evacuation Orders Lifted
  • Storm Eunice Batters Britain and Ireland With Record Winds Hitting 122 Mph
  • Boeing, Reform Issues Await New U.S. Aviation Safety Chief
  • At Verisk, Shavel to Succeed Stephenson as CEO, Anquillare to Become President
  • Tesla Sued Over Suspension System in Fatal Florida Crash
  • FTC Sues to Stop Merger of Rhode Island’s Two Biggest Hospital Firms
MERDEKA MERDEKA
  • Investment
  • Insurance
  • Finance
  • Internet
  • Technology
  • 200Mbps
MERDEKA MERDEKA
You are at:Home » FTC Sues to Stop Merger of Rhode Island’s Two Biggest Hospital Firms
FTC Sues to Stop Merger of Rhode Island’s Two Biggest Hospital Firms

FTC Sues to Stop Merger of Rhode Island’s Two Biggest Hospital Firms

0
By admin on November 26, 2022 Insurance

The U.S. Federal Commerce Fee mentioned on Thursday that it could file a lawsuit aimed toward stopping the merger of Rhode Island’s two largest well being care suppliers, Lifespan Corp. and Care New England Well being System.

The company, which voted unanimously to oppose the deal, mentioned it and the Rhode Island legal professional common’s workplace have been involved the merger would create a “healthcare conglomerate with outsized energy.”

“This proposed merger is a nasty deal for sufferers who’re prone to see increased hospital payments, decrease high quality of care, and fewer cutting-edge medical providers,” mentioned FTC Bureau of Competitors Director Holly Vedova in a press release.

The FTC mentioned its criticism would allege that the deal would give the mixed firm no less than 70 % of the Rhode Island marketplace for therapies that require a hospital keep and an equally excessive share of the marketplace for in-patient behavioral well being providers.

Care New England President James Fanale mentioned in a press release that the businesses have been disenchanted. “I’ll say that we are able to actually know that we did every thing we might over the previous few years of laborious work to get this executed. We thought it was the appropriate factor to do, however now we might want to transfer on to a brand new path ahead,” he mentioned.

A spokeswoman for the corporate declined to say if a choice had been made to terminate the transaction.

(Reporting by Diane Bartz; Modifying by David Gregorio)

Subjects
Lawsuits
Mergers

Was this text precious?


Listed here are extra articles it’s possible you’ll take pleasure in.

Serious about Lawsuits?

Get automated alerts for this subject.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleHow to Solve The Uploader Has Not Made this Video Available Error
admin
  • Website

Related Posts

Boeing, Reform Issues Await New U.S. Aviation Safety Chief

Storm Eunice Batters Britain and Ireland With Record Winds Hitting 122 Mph

California Wildfire at 20% Containment, Evacuation Orders Lifted

Leave A Reply Cancel Reply

YOU MAY INTEREST
November 12, 2022

Judges Tosses Maryland Family’s Suit Blaming Uber for Driver’s Killing by Passenger

September 11, 2022

12 Interview Tips to Impress Any Hiring Manager

April 20, 2022

Hospital Must Turn Over Info on Famous Cardiologist, Appeals Court Says

November 5, 2022

PayPal Q4 Earnings: What to Expect from This Fintech Giant?

November 6, 2022

Maryland Coalition Wants End to Truck-Towing Companies Charging Huge Fees

Copyright © 2022 Merdeka
  • About
  • Contact
  • Sitemap
  • Disclaimer
  • Privacy Policy

Type above and press Enter to search. Press Esc to cancel.

Next Up

Previous
How to Solve The Uploader Has Not Made this Video Available Error

The uploader has not made this video out there message is a quite common error to unravel on YouTube. Should…

Random
Global Aviation Industry Assesses Growing Risks of Doing Business With Russia

The fallout to the worldwide aviation trade from Russia’s invasion of Ukraine is spreading past the airspace closings over the…