LCMC Health sues federal government over Tulane hospital acquisition.
TL;DR
LCMC Health is being sued by the Federal Trade Commission (FTC) over its acquisition of three Tulane University Medical Center hospitals in New Orleans. The FTC claims that the $150m deal should have gone through a federal review process for potential anti-trust violations. LCMC argues that it did not need to seek approval from the FTC, citing a Louisiana law dating back to the early 1990s. The deal was finalized in January, and LCMC is now facing fines and penalties that could total nearly $9.5m.
Topics:businesshealthcare#anti-trust-violations#federal-trade-commission#healthcare#hospital-mergers#lcmc-health#tulane-university-medical-center
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- LCMC Health files lawsuit against federal government WDSU New Orleans
- LCMC Health files suit against federal regulators over HCA hospital deal Modern Healthcare
- LCMC Health sues after feds temporarily block acquisition of 3 Tulane system hospitals FOX 8 Local First
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