Two North Carolina hospitals face an uncertain future after a proposed sale fell through June 18.
Novant Health and Community Health Systems are calling off a planned hospital divestiture amid consistent opposition from the Federal Trade Commission.On June 18, the 4th Circuit Court of Appeals issued a temporary injunction to block CHS from selling two North Carolina hospitals to Novant. On the same day, Novant informed CHS of its intent to 'formally terminate the Purchase Agreement soon.
The United States and North Carolina named Atrium the 'dominant hospital system in the Charlotte area' in a separate 2018 antitrust monopolization case.Ultimately, District Judge Kenneth Bell sided with the sale June 5, noting that if Novant did not acquire the facilities—which had already undergone service cuts—they could close, inevitably reducing competition.But the FTC appealed Bell's decision in the 4th Circuit, asking the court to halt the transaction.
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