FTC Wants NJ Hospital Merger On Ice During Antitrust Row
By Jeannie O'Sullivan (May 10, 2021, 7:04 PM EDT) -- The Federal Trade Commission urged a New Jersey federal judge Monday to halt the proposed merger of two Bergen County hospitals during the agency's antitrust challenge, arguing that it is likely to prove the deal would unlawfully constrict competition in the Garden State's most populated county.
During an oral argument on the agency's preliminary injunction request, the FTC said its argument is backed by evidence that the two entities, Hackensack Meridian Health Inc. and Englewood Healthcare Foundation, "vigorously compete against each other." Eliminating that competition with this "illegal" merger would drive up prices while decreasing the quality of care and access...
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