FTC Sues to Stop the Potentially Illegal Integration of New Orleans Area Hospitals Over Failure to Follow Federal Reporting Law

"We are seeking to hold LCMC accountable for disregarding the law by ignoring filing requirements and prematurely consummating their deal,” said FTC Chair Lina M. Khan.

Metadata
Provider: 
FTCFTC
URL: 
https://www.ftc.gov/news-events/news/press-releases/2023/04/ftc-sues-stop-potentially-illegal-integration-new-orleans-area-hospitals-over-failure-follow-federal-reporting-lawhttps://www.ftc.gov/news-events/news/press-releases/2023/04/ftc-sues-stop-potentially-illegal-integration-new-orleans-area-hospitals-over-failure-follow-federal-reporting-law
Retrieved on: 
Thursday, April 20, 2023
Information
Tags: 
Review, HSR, Hart–Scott–Rodino Antitrust Improvements Act, Lakeview Hospital, General counsel, Obstruction, Tulane Medical Center, Commission, Public, Blog, COPA, Social media, District, The Act, Federal Trade Commission, LCMC, Hospital, District court, Acquisition, Tulane–Lakeside Hospital, Compliance, FTC, HCA, Mergers and acquisitions, HCA Healthcare, Douglas v. U.S. District Court ex rel Talk America, News, Cryptocurrency
Geotags: 
LOUISIANA, TENNESSEE, NEW ORLEANS
Summary
Key Points: 
  • "We are seeking to hold LCMC accountable for disregarding the law by ignoring filing requirements and prematurely consummating their deal,” said FTC Chair Lina M. Khan.
  • Despite that, the agency said, LCMC and HCA consummated the transaction on January 3 without ever reporting it to the agencies.
  • The Compliance, Premerger Notification, Office of General Counsel, and Mergers IV divisions were responsible for this matter.
  • For the latest news and resources, follow the FTC on social media, subscribe to press releases and read our blog.
Copyright: 
2023 FTC. All Rights Reserved.