Mergers & Acquisitions
Deals between HCA and Steward Health in Utah and RWJBarnabas and Saint Peter's in New Jersey should never have been proposed, FTC says.
Eliminating Steward as a low-cost competitor would enable HCA to command higher reimbursement rates, FTC says.
CEOs say the transaction would enable the systems to build "the first premier academic medical center in New Jersey."
New Hampshire Attorney General John Formella says the merger would reduce market competition and lead to higher prices.
The new Advocate Health will have a footprint reaching across six states.
The proposed transaction includes Pfizer's acquisition of Biohaven's migraine drugs, including rimegepant and zavegepant.
The complainant alleges LHC Group failed to share pertinent information regarding financial projections and potential conflicts of interest.
Optum Care will purchase Atrius' charitable assets for $236 million, with the proceeds going to the Atrius Health Equity Foundation.
The deal is contingent upon the merger taking place, with the bench trial scheduled to start on August 1.
Should the deal get court approval, Optum Care will add 645 physicians to its network.