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Novant, CHS say hospital deal will boost competition despite US FTC challenge

By Ilana Kowarski ( June 3, 2024, 23:12 GMT | Insight) -- Hospital operators Novant Health and Community Health Systems argued in a redacted federal filing that CHS’ proposed sale of Lake Norman Regional Medical Center and Davis Regional Medical Center to Novant would increase both pricing and quality competition for healthcare services, contrary to allegations made by the US Federal Trade Commission in its challenge to the deal.Hospital operators Novant Health and Community Health Systems argued in a redacted filing released today that CHS’ proposed sale of Lake Norman Regional Medical Center and Davis Regional Medical Center to Novant would increase both pricing and quality competition for healthcare services, contrary to allegations made by the US Federal Trade Commission in its challenge to the deal....

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