Loading…
Saturday, August 02, 2014
Current Weather
Loading Current Weather....
HomeNewsLocal
Published: Wednesday, 10/13/2010

Judge: District court not place to probe merger

BLADE STAFF

U.S. District Court in Washington is not the appropriate court to decide whether to enforce Federal Trade Commission requests for information about St. Luke's Hospital becoming part of ProMedica Health System, a federal judge ruled Tuesday.

The FTC is investigating whether federal competition laws would be violated by St. Luke's becoming part of ProMedica. It sought a court order for information from St. Luke's, ProMedica, and ProMedica-owned Paramount Health Care by Oct. 21.

The transaction closed Aug. 31, but there is a "hold-separate" agreement with the FTC in place until Oct. 30. Under that agreement, ProMedica and St. Luke's have to delay integration or consolidation until Oct. 30, unless FTC officials deem the relationship anti-competitive, court documents state.



Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member. To find out more, please visit the FAQ.






Poll