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Novant-Community Health deal's harm exacerbated by North Carolina certificate-of-need law, state treasurer says

( April 15, 2024, 21:15 GMT | Official Statement) -- MLex Summary: The competitive harm that would arise from Novant Health's acquisition of two hospitals from Community Health Systems would be exacerbated by North Carolina's certificate-of-need law, according to a proposed amicus brief from the state's treasurer. The law "requires new health care providers to obtain government permission to compete," thus delaying entry, the treasurer, Dale Folwell, told the federal district court in the state that's hearing the US Federal Trade Commission's challenge to the deal.See document below....

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