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Federal judge rejects FTC request to stop Novant from buying 2 Charlotte area hospitals

Posted on AllSides June 5th, 2024

A federal judge on Wednesday denied the Federal Trade Commission’s request for a preliminary injunction to stop Novant Health from buying two Lake Norman Hospitals for $320 million. The agency said Novant Health would control a large share of the market with the deal and that could hurt consumers by wiping out competition, leave fewer options for patients and increase insurance rates. The case began in late January when the FTC filed a lawsuit in the U.S. District Court for Western District of North Carolina. Novant wants to purchase Lake...

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