FTC To Continue Efforts To Block Merger Between Two Pennsylvania Health Systems
Also, in Philadelphia, the city government and the Children's Hospital are joining forces to improve care for kids; and three North Carolina nonprofit hospitals ranked among the nation's 10 most profitable hospital systems.
Modern Healthcare:
FTC Will Keep Fighting Pa. Hospital Merger Despite Court Loss
The Federal Trade Commission has decided to continue battling a merger between Penn State Hershey (Pa.) Medical Center and PinnacleHealth System in Harrisburg despite a loss in federal court this week. (Schencker, 5/11)
Marketplace:
A Pennsylvania Hospital Merger Fight Could Be The First Of Many
In an aggressive move, the Federal Trade Commission is appealing a federal court ruling to block a merger of two healthcare providers in Pennsylvania. The FTC and state attorney general tried to block a merger between Penn State Hershey Medical Center and PinnacleHealth System that would create a four-hospital network with nearly 1,200 beds, Reuters reported Tuesday. A federal judge cleared the merger Monday, allowing it to become official as early as Friday. (Gorenstein, 5/11)
The Philadelphia Inquirer:
Children's Hospital And City Unite To Boost Health Care In South Philly
The city government and Children's Hospital of Philadelphia are planning to join forces to provide health care to South Philadelphia adults and children in a unique arrangement that might also include a new library and recreation center. (Sapatkin, 5/11)
The Charlotte Observer:
3 Charlotte Nonprofit Hospitals Among Nation’s Most Profitable
Three Mecklenburg County nonprofit hospitals ranked in the Top 100 most profitable U.S. hospital systems, according to a recent study in the journal Health Affairs. The Top 100 hospitals each netted $63 million to $302 million from patient care in 2013, the most recent year for which data from Medicare was available. (Garloch, 5/11)
