The Federal Trade Commission has granted early termination on the potential merger between Winter Park, Fla.-based Adventist Health System and University Community Health in Tampa, Fla., giving the two systems antitrust clearance to pursue the deal.
FTC lets proposed Fla. merger proceed
In March, Adventist and University Community Health announced they had signed a nonbinding letter of intent to explore a merger, but did not disclose financial terms.
Following the early termination from the FTC, Kevin Edgerton, a spokesman for Adventist, said the company is continuing its due diligence and same course of action, but is not closer to a resolution.
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