The two organizations submitted the necessary filing to the FTC Aug. 28 and had hoped to complete the merger by Oct. 1. While Cone Health CEO Tim Rice knows that the FTC plans to request more information, he does not know what type of information is needed, when the formal request will come or how long the request could delay the regulatory review process, according to the report.
Cone Health and Alamance Regional announced their plan to merge in December.
More Articles on Hospital Partnerships:
City Removes Roadblock to University of Colorado Health, Memorial Health System Merger
Goodall Hospital Joins MaineHealth System
LSU Health Shreveport May Issue Request for Partnership Proposals
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.