Mergers & Acquisitions
The entities agreed to maintain services, provide capital investments and protect competition in the healthcare market.
The move was announced after Oregon regulators said they were investigating the merger for potential anticompetitive effects.
The parties have not yet withdrawn material change notice filings with the Massachusetts Health Policy Commission.
The FTC got an injunction, pending an appeal, in a process likely to take two years.
The acquisition is likely to increase competition against Atrium Health, which is building a new hospital, judge says.
UPMC will invest at least $300 million over 10 years to enhance clinical services and upgrade facilities.
Upon closing, the integrated system will operate 30 hospitals and more than 700 sites of care.
Liberty Hospital said it will expand access to high-quality healthcare for current and future patients in the Northland.
The move is meant to allow CVS to enhance its digital capabilities, according to a LinkedIn post from Hella Health's CEO.
The two North Carolina hospitals are not 'meaningful competitors' Novant says.