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FTC Ends Administrative Challenge To Hospital Merger In Grand Rapids, Michigan
Announced Action(s) for September 26,1997
Butterworth Health Corporation and Blodgett Memorial Medical Center
The Commission authorized staff to file a motion for a preliminary injunction to block the proposed merger of the two largest hospitals in Grand Rapids, Michigan, Blodgen and Butterworth Hospital, on grounds that the merger would substantially reduce competition for acute-care inpatient hospital services in the area The complaint was filed January 23,1996 in the U.S. District Court for the Western District of Michigan (Southern Division). On September 26,1996, the court denied the Commission's request for an injunction. The Commission dismissed its administrative complaint after the U.S. Court of Appeals for the Sixth Circuit upheld the district court's decision.
Announced Actions for September 5, 1997
Announced Actions for August 28, 1997
Mediq Inc.orporated
Mediq abandoned its proposed acquisition of Universal Hospital Services after the Commission filed a complaint and motion for a preliminary injunction to block the merger of the nation's two largest firms engaged in the rental to hospitals of movable medical equipment, such as respiratory, infusion and monitoring devices. The complaint, filed in the U.S. District Court for the District of Columbia, alleged that the merger would create a monopoly for movable medical equipment rental in many major metropolitan areas across the nation.
CVS Corporation, and Revco D.S., Inc.
CVS agreed to settle allegations that its acquisition of Revco would substantially reduce competition for the retail sale of pharmacy services to health insurance companies and other third-party payers in Virginia and in the Binghamton, New York metropolitan area. The consent order requires the divestiture of 114 Revco stores in Virginia and 6 pharmacy counters in Binghamton.
In March, 1998, CVS Corporation agreed to pay a $600,000 civil penalty to settle Â鶹´«Ã½ Trade Commission charges that the company violated a 1997 consent order and asset maintenance agreement it signed with the agency to settle charges stemming from CVS's 1997 acquisition of Revco D.S., Inc.
New Jersey Pharmacists Association
Government Â鶹´«Ã½ and Guidance in Health Care Antitrust: Maintaining the Balance
Announced Actions for July 29, 1997
Tenet Healthcare Corporation
The Commission issued a consent agreement settling charges that the acquisition of OrNda Healthcorp by Tenet Healthcare Corp. would substantially lessen competition for general acute care services in the San Luis Obispo, California area. According to the FTC, Tenet and OrNda were the second and third largest chains of general acute care hospitals in the country, and the two leading providers of acute care hospital services in San Luis Obispo County. The consent order permits the acquisition but requires divestiture of Tenet's French Hospital Medical Center and related OrNda assets in San Luis Obispo County.
Announced Actions For July 18, 1997
First Look, L.L.C.
Announced Action(s) for June 13, 1997
CVS To Divest 120 Revco Drug Stores in VA, NY To Settle FTC Charges...
Announced Action(s) for May 23,1997
American Home Products Corporation, In the Matter of
Consent order settles charges that the proposed acquisition of Solvay, S.A.'s animal health business would reduce competition in the market for the research, development, manufacture and sale of canine lyme vaccine, canine corona virus vaccine, and feline leukemia vaccine. The order requires divestiture of Solvay's U.S. and Canadian rights to the three types of vaccines to the Schering-Plough Corporation or another Commission-approved buyer.
Yellowstone Physicians, L.L.C.
FTC Charges Mesa County, Colorado Physician Group with Acting To Raise Prices, Reduce Competition
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