RWJBarnabas Health’s proposed deal to acquire Saint Peter’s Healthcare System has been put on hold following a temporary restraining order issued by a federal judge in New Jersey this week, Healthcare Dive reports.
The two New Jersey providers cannot proceed with the deal until 10 days after a ruling on a preliminary injunction or until a date set by the court, whichever is later, according to the order signed by Judge John Michael Vazquez.
Without the restraining order, the two systems would have been able to move forward with the deal after Thursday, the order explains.
The Federal Trade Commission earlier this month authorized an administrative complaint and a suit in federal court to block the acquisition. Read more.
