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About the FTC
Our mission is protecting the public from deceptive or unfair business practices and from unfair methods of competition through law enforcement, advocacy, research, and education.
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For Release,
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Federal Trade Commission Bureau of Competition Director Henry Liu issued the following statement in response to Novant Health, Inc.’s decision to terminate its proposed acquisition of two hospitals from Community Health Systems:
“Hospital consolidation diminishes quality of care and increases costs for critical services. Novant’s deal with Community Health Systems would have followed this same trend to the detriment of North Carolinians.
The FTC’s opposition to the transaction has been vindicated by the injunction pending appeal, granted by the Fourth Circuit Court of Appeals. In ruling on the injunction, the Fourth Circuit examined the FTC’s likelihood of success on appeal, among other factors. Novant’s and CHS’s decision to abandon their anticompetitive transaction after this ruling is a win for consumers.
Now with this deal off the table, Novant and Community Health Systems will continue to compete against one another, delivering better outcomes for patients in both quality of care and price. I also want to thank all the FTC staff that dedicated themselves to this case and for their work on this important matter.”
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The Federal Trade Commission works to promote competition, and protect and educate consumers. The FTC will never demand money, make threats, tell you to transfer money, or promise you a prize. You can learn more about how competition benefits consumers or file an antitrust complaint. For the latest news and resources, follow the FTC on social media, subscribe to press releases and read our blog.
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