The Federal Trade Commission has cleared the purchase of Catholic Health Partners' Knoxville, Tenn., system by Health Management Associates, Naples, Fla., according to an FTC notice (PDF).
FTC lets HMA-CHP deal proceed
The FTC’s notice of early termination means that it declined to pursue a more intense antitrust investigation of the deal under the Hart-Scott-Rodino Antitrust Improvements Act. The FTC is asking for more information under the act on Express Scripts’ proposed $29.1 billion takeover of Medco Health Solutions and required DaVita to divest more than two dozen dialysis clinics in order to complete its $689 million acquisition of DSI Renal.
Cincinnati-based CHP chose investor-owned Health Management in May to negotiate a deal to acquire seven-hospital Mercy Health Partners-Tennessee, and in July, the parties concluded a definitive agreement under which Health Management will pay $525 million for the system. CHP also sold its hospitals in northeast Pennsylvania earlier this year to Community Health Systems, Franklin, Tenn.
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