The Federal Trade Commission has cleared two healthcare-related deals from antitrust scrutiny, according to an FTC announcement (PDF).
FTC gives green light to two healthcare deals
The FTC granted early termination of its review of the acquisition of National Surgical Care by AmSurg Corp., Nashville, for $173.5 million. Dallas-based National Surgical owns 18 ambulatory surgery centers and had revenue of $124.5 million and earnings before interest, taxes, depreciation and amortization of $21.5 million in 2010, according to AmSurg. As of March 31, AmSurg owned a majority interest, with physician investor partners, in 204 ambulatory surgery centers in continuing operations and one center that was under development, according to an AmSurg release.
The FTC also will allow prison healthcare provider Valitas Health Services to acquire rival America Service Group for $250 million, a deal that was announced in March. St. Louis-based Valitas is the parent company of Correctional Medical Services. America Service Group, Brentwood, Tenn., is the parent of PHS Correctional Healthcare. The deal is still subject to shareholder approval.
AmSurg and Valitas both have said they expect to complete their respective deals by June 30.
The FTC's authority to review the deals is under the Hart-Scott-Rodino Antitrust Improvements Act of 1976.
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