The FTC revealed in February that it would take legal action against to obstruct the merger of the two Philadelphia-based health systems, arguing it would decrease competitors in Philadelphia and Montgomery Counties..
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The 2 health systems argue that Einstein Health Network will stay on shaky financial footing without the merger which the mix is required to save Einsteins flagship hospital..
The approximated $599 million merger of Jefferson Health and Einstein Health Network would push health center costs higher, a financial expert commissioned by the Federal Trade Commission testified Sept. 15, according to Law360..
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The FTCs injunction hearing began Sept. 14 and is expected to last the whole week. Loren Smith, PhD, a principal with The Brattle Groups global antitrust and competitors group, testified throughout the 2nd day of the hearing that the merger would likely have anti-competitive results in both Philadelphia County and Montgomery County, according to the report..
Dr. Smith, an economic expert who affirmed as a professional for the FTC, stated the merger of Jefferson Health and Einstein Health Network might improve some acute care hospital costs by 9 percent and inpatient rehab expenses by as much as 20 percent, according to Law360..