Sponsored by VMG Health | gregk@vmghealth.com | 214.369.4888

OSF Healthcare, Rockford Health Plan to Appeal FTC's Challenge Against Acquisition

Peoria, Ill.-based OSF Healthcare and Rockford (Ill.) Health executives plan to contest the FTC's decision that an acquisition between the systems will reduce competition, according to a Rockford Register Star report.

OSF announced plans to acquire Rockford Health last year to create a new entity called OSF Northern Region. In March, the FTC issued an additional request for more information on the proposed transaction. Last week, the systems learned the FTC believes the consolidation will decrease competition in the Rockford area.

The systems' plans to challenge the FTC's ruling may take up to two years or more, according to the report. A federal hearing is scheduled for April 17.

In the report, Gary Kaatz, president and CEO of Rockford Health, said the affiliation is "pro-competitive" and will allow OSF and Rockford to better compete "more effectively and more efficiently" with SwedishAmerican Health System, Rockford's current competitor.

Related Articles on OSF Healthcare and Rockford Health:

FTC Ruling on Illinois' OSF HealthCare, Rockford Deal Expected Soon
FTC Requests More Time to Research Merger Between Illinois' OSF and Rockford Health
FTC Challenging OSF HealthCare's Acquisition of Rockford Health


© Copyright ASC COMMUNICATIONS 2018. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.

 

Top 40 Articles from the Past 6 Months