The Federal Trade Commission gave two East Coast hospital deals antitrust clearance, including one involving a hospital that had a previous deal falter on antitrust concerns. The two deals are: Prince William Health System, Manassas, Va., becoming part of Novant Health, Winston-Salem, N.C., in return for a capital commitment of up to $200 million, announced in March; and Suburban Hospital Healthcare System, Bethesda, Md., joining Johns Hopkins Health System Corp., Baltimore, in a noncash deal announced in April. Prince William initially sought to join Inova Health System, Falls Church, Va., but the FTC challenged the tie-up on the grounds that it would give Inova too much leverage with managed-care payers in Northern Virginia. Inova and Prince William dropped the deal in June 2008 (June 9, 2008, p. 4). Prince William has a hospital in Manassas and plans to build one in Haymarket, Va., 11 miles west of Manassas. Suburban Hospital Healthcare System consists of a stand-alone hospital. The deal would leave its medical staff and physician organization in place, but place the hospital under the Johns Hopkins systems governance structure.
Late News: FTC gives antitrust clearance to two East Coast hospital deals
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