In a 4-0 decision announced March 22, 2012, the FTC found the ProMedica and St. Luke’s merger to be illegal and anti-competitive. However, the two organization’s officials are confident they can successfully appeal the decision. According to the report, the officials say the FTC did not fully examine the benefits the partnership provides to the Toledo area.
Jeffrey Kuhn, ProMedica chief legal officer, told the Toledo Blade that the merger was a victim of bad timing since the government has taken special interest in how healthcare companies grow, “We were in that perfect storm where they began to take over hospital mergers.”
More Articles on the ProMedica, St. Luke’s Hospital Merger:
FTC: ProMedica Health Must Divest St. Luke’s
Judge Sides With FTC; Says ProMedica, St. Luke’s Partnership is Anti-Competitive
FTC Receives Preliminary Injunction Against St. Luke’s Merger With ProMedica
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