Big Law
The FTC Sues to Stop a Merger of Rhode Island’s Two Largest Health Care Providers
The U.S. Federal Trade Commission said on Thursday that it would file a lawsuit aimed at stopping the merger of Rhode Island’s two largest health care providers, Lifespan Corp and Care New England Health System.
The agency, which voted unanimously to oppose the deal, said it and the Rhode Island attorney general’s office were concerned the merger would create a “healthcare conglomerate with outsized power.”
“This proposed merger is a bad deal for patients who are likely to see higher hospital bills, lower quality of care, and fewer cutting-edge medical services,” said FTC Bureau of Competition Director Holly Vedova in a statement.
