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FTC Will Challenge Consummated Acquisitions

Law360 (January 13, 2011, 1:37 PM EST) -- On Dec. 1, the Federal Trade Commission issued an administrative complaint challenging Laboratory Corporation of America's (LabCorp) consummated acquisition of rival Westcliff Medical Laboratories Inc. The FTC alleged that the acquisition, which was completed in June, would substantially lessen competition among providers of capitated clinical laboratory testing services to physician groups in Southern California.

The suit is the most recent example of the FTC's heightened scrutiny of nonreportable consummated mergers. It is particularly noteworthy, however, because the sale of Westcliff to LabCorp, which took place pursuant...
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