FTC Challenges LabCorp's Westcliff Acquisition

Law360, New York (December 1, 2010, 4:14 PM EST) -- The Federal Trade Commission has launched a legal challenge to Laboratory Corp. of America's purchase of rival Westcliff Medical Laboratories Inc., saying the $57.5 million deal would harm lab services competition in Southern California.

“We find reason to believe that the acquisition of Westcliff by LabCorp will raise prices for health care for millions of people in Southern California,” the commission said in a statement Wednesday. If the deal goes through, southern Californians will have just two main providers of lab services to chose from, the...
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