ProMedica Health System, Toledo, Ohio, agreed to continue to stop consolidation of a hospital it purchased last year—St. Luke's Hospital, Maumee, Ohio—until a judge rules on whether to issue a preliminary injunction keeping consolidation on hold, according to federal court documents.
ProMedica keeps St. Luke's deal on hold
As a result of the move by ProMedica, the Federal Trade Commission and the Ohio attorney general asked that their request for a temporary restraining order preventing consolidation be withdrawn. The longer-term preliminary injunction had been requested by the FTC and the attorney general to stop further consolidation of St. Luke's into ProMedica until an FTC administrative complaint opposing the deal for antitrust reasons is resolved. ProMedica previously had opposed a temporary restraining order that would have kept the two from consolidating further until the preliminary injunction decision is made.
“We are pleased that the Federal Trade Commission has agreed to withdraw its request for a temporary restraining order against the St. Luke's Hospital and ProMedica Health System joinder,” ProMedica said in an e-mailed statement. “In lieu of the TRO, ProMedica and the FTC have agreed to extend a less restrictive hold separate agreement until the outcome of the preliminary injunction hearing sometime in February,” ProMedica said.
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