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Mercy Health abandons AR hospital deal

St. Louis Post-Dispatch, July 1, 2013
Facing stiff resistance from the Federal Trade Commission, the Vatican and community leaders, Mercy Health has abandoned its efforts to sell its hospital in Hot Springs, Ark., to a for-profit health system. The announcement, issued Thursday by Chesterfield-based Mercy Health and Franklin, Tenn.-based Capella Health Care Inc., comes after a lengthy FTC investigation and several months of talks with Catholic officials. Mercy's planned sale, which was subject to approvals by the FTC and the Vatican, became caught in a crucible of health care politics, antitrust law and religious doctrine.