FTC Settles Phoebe Merger Fight But Can't Force Sale

Law360, New York (August 22, 2013, 4:17 PM EDT) -- Despite its recent U.S. Supreme Court victory, the Federal Trade Commission settled its claims Thursday that Phoebe Putney Health System Inc.'s now-consummated $195 million acquisition of a nearby rival harmed competition without forcing the Georgia hospital to sell off the hospital.

The agency reached a deal with Phoebe Putney and the Hospital Authority of Albany-Dougherty County that requires them to notify the FTC in advance of virtually all future acquisitions for 10 years and bars them from trying to prevent a new hospital from getting state...
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