ProMedica Begs FTC Not To Make It Divest Ohio Hospital

Law360, Washington (February 6, 2012, 8:26 PM EST) -- ProMedica Health System Inc. asked the Federal Trade Commission Monday not to force it to divest St. Luke's Hospital, saying the FTC hasn't met its burden of showing that ProMedica's merger with the Ohio hospital would lead to higher prices for consumers.

ProMedica has appealed to the full commission a December finding by an FTC administrative law judge, unveiled last month, that the deal would get rid of competition between the two providers for general acute inpatient care in the Toledo, Ohio, area, allowing ProMedica to...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.