FTC complaint against Phoebe-Palmyra buyout released
Mon, 25 Apr 2011 18:16:16 GMT —
The complaint filed by the Federal Trade Commission against the merger of Phoebe Putney Memorial Hospital and Palmyra Medical Center was released. The FTC complaint says the Phoebe-Palmyra buyout would be a violation of the Clayton Antitrust Act."The Transaction creates a virtual monopoly for inpatient general acute care services sold to commercial health plans and their customers in Albany, Georgia and its surrounding area. The Transaction will eliminate the robust competitive rivalry between Phoebe Putney and Palmyra â" the only two hospitals in Albany and in Dougherty County â" that has benefitted consumers for decades," the complaint says. Read more from the complaint document here. Last week, Judge W. Louis Sands with the Federal Court in Albany granted the request by the FTC that the merger of Phoebe Putney Memorial Hospital and Palmyra Medical Center not move forward in their transaction.