LCMC health filed a lawsuit Wednesday seeking to dislodge the U.S. government’s block on its planned $150 million acquisition of three hospitals from the Tulane University Medical Center system.
LCMC Health announced last October its plan to acquire the Tulane University Medical Center in downtown New Orleans, Tulane Lakeside Hospital in Metairie and Lakeview Regional Medical Center in Covington.
But according to the lawsuit filed in New Orleans’ federal court, the Federal Trade Commission has ordered an immediate halt to the sale to allow government regulators more time to review the deal for potential violations of US antitrust law, reports FOX 8.
The LCMC lawsuit — which names the FTC, Attorney General Merrick Garland and the US Department of Justice as defendants — seeks a declaratory judgment that the deal is immune to federal antitrust laws because Louisiana’s legislature and attorney general have “expressly and unequivocally concluded that the acquisition furthers the state’s policy goals for the health and welfare of its citizens.” Read more.
