Universal Health Sells Hospital To Win FTC Nod On Ascend Buy

Law360, New York (October 5, 2012, 6:18 PM EDT) -- Pennsylvania-based Universal Health Services Inc. will sell a New Mexico psychiatric hospital in order to remedy antitrust concerns over its $517 million acquisition of hospital manager Ascend Health Corp., the Federal Trade Commission announced Friday.

The deal settles FTC charges that the merger, announced June 4, was anti-competitive and violated antitrust laws because it would lead to a virtual monopoly for UHS in providing acute inpatient psychiatric services to privately insured patients in the Santa Teresa, N.M., and El Paso, Texas, area. That would lead to...
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