HCA Hit with SEC Complaint, Antitrust Suit in NC

Nashville, Tenn.-based HCA Healthcare was hit with another antitrust lawsuit and a Securities and Exchange Commission complaint this week. 

On July 27, the city of Asheville, N.C., and Buncombe County filed a lawsuit against HCA and Mission Health, which is owned by HCA. The lawsuit alleges the health systems have engaged in anti-competitive practices. It is the third lawsuit of its kind filed against HCA and Mission in less than a year by entities in Western North Carolina, Becker’s reports. 

“The County Commissioners are concerned that HCA’s business operations monopolize healthcare while artificially inflating prices, and self-insured organizations like ours have no other recourse,” said Brownie Newman, Buncombe County Board of Commissioners chair, according to the report. 

An HCA spokesperson said the company will defend against the allegations, calling the lawsuit “meritless.” Read more

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