FTC sues to block Philadelphia hospital merger

PHILADELPHIA (Philadelphia Inquirer) — The Federal Trade Commission on Thursday said it will sue to block Thomas Jefferson University’s acquisition of Einstein Healthcare Network, a deal that has been pending since September 2018, alleging that the combination would reduce competition and raise prices in Philadelphia and Montgomery Counties.“

Jefferson and Einstein have a history of competing against each other to improve quality and service, including by upgrading medical facilities and investing in new technologies,” the FTC said in a statement. “The proposed merger would eliminate the robust competition between Jefferson and Eins…

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