FTC Seeks High Court Scrutiny Of Ga. Hospital Merger

Law360, New York (March 23, 2012, 8:07 PM EDT) -- The Federal Trade Commission said Friday it has taken its challenge to Phoebe Putney Health System Inc.'s $195 million acquisition of Palmyra Park Hospital Inc. to the nation's highest court, arguing that the Eleventh Circuit had erred in finding the deal exempt from antitrust scrutiny.

The Commission voted 4-0 to authorize its staff to ask the U.S. Solicitor General to file its petition for certiorari at the U.S. Supreme Court, the FTC said. Palmyra is now known as Phoebe North.

The transaction closed in December, the...
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.