Officials said the merger has been held up by the slow-moving regulatory approval process. Though the state attorney general’s office has completed its antitrust analysis of the transaction, the merger is still awaiting approval from the Monroe County Orphan’s Court, a division of Common Pleas Court which maintains jurisdiction over nonprofits in the region, according to the article.
Brian Downs, a spokesperson for LVHN, said Thursday the health system’s merger with PHS is “in the final stages of regulatory approval,” according to the article.
A spokesperson for PHS said the health system’s recent layoffs are unrelated to the proposed merger.
More articles on transactions and valuations:
Haywood Regional Medical Center partners with Healogics to offer specialized wound care
Alpena Regional Medical Center’s integration into MidMichigan Health ‘going smoothly’
Bon Secours Health System withdraws plans to build nursing school on site of former school building
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