FTC, GA Challenge 'Anticompetitive' Phoebe/Palmyra Acquisition
The FTC voted 5-0 to issue the administrative complaint and authorize staff to file a complaint for preliminary injunction in federal district court. The evidentiary hearing is scheduled before an administrative law judge at the FTC on Sept. 19.
In a statement issued late Wednesday, an HCA / Palmyra Medical Center spokesman said, "We are aware of the filing, and are awaiting judge’s decision."
Joel Wernick, President and CEO of Phoebe Putney Health System said in a statement, "In response to the FTC filing, we are currently awaiting the judge’s decision. The Hospital Authority of Albany-Dougherty County and Phoebe have cooperated 110% with FTC requests for information. The FTC’s attempt to block this transaction is disheartening because we remain confident, especially with the increasing demand for collaboration in health care delivery, this transaction will benefit the health of the citizens in our community."
John Commins is a senior editor with HealthLeaders Media.
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