FTC Sues to Stop the Potentially Illegal Integration of New Orleans Area Hospitals Over Failure to Follow Federal Reporting Law
Retrieved on:
Thursday, April 20, 2023
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"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.
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.
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